Since 2000, emissions of CO2 have been growing more rapidly in Europe, with all its capping and yapping, than in the U.S., where there has been minimal government intervention so far. As of 2005, we’re talking about a 3.8% rise in the EU-15 versus a 2.5% increase in the U.S., according to statistics from the United Nations.
What’s more, preliminary data indicate that America’s CO2 output fell by 1.3% from 2005 to 2006. If these numbers hold up, it would mean U.S. emissions growth is nearly flat so far this decade. Europe hasn’t yet released figures for last year, but it did report in June that emissions from the participants in its carbon-trading scheme, which account for almost half of Europe’s CO2 production, rose slightly in 2006.
The news gets worse for Europe when you consider that during this decade, the U.S. population has grown at roughly double the rate of the EU-15 while the American economy has been expanding about 40% faster. It seems Europe is becoming less efficient in its carbon production while U.S. efficiency is improving.
When will they learn that using the government to over-regulate the manufacturing sector doesn’t work and that industry, when shown the financial incentive of greener-than-thou business policies will self-regulate?
I won’t be holding my breath.