Then:
The United States believes, however, that the Kyoto Protocol is fundamentally flawed, and is not the correct vehicle with which to produce real environmental solutions.
The Kyoto Protocol does not provide the long-term solution the world seeks to the problem of global warming. The goals of the Kyoto Protocol were established not by science, but by political negotiation, and are therefore arbitrary and ineffective in nature. In addition, many countries of the world are completely exempted from the Protocol, such as China and India, who are two of the top five emitters of greenhouse gasses in the world. Further, the Protocol could have potentially significant repercussions for the global economy.
Now:
Europe is damaging its competitiveness by moving faster than the rest of the world to tackle climate change, the European Union’s industry commissioner has warned.
In a letter seen by the Financial Times, Günter Verheugen says: “We have to recognise that ... our environmental leadership could significantly undermine the international competitiveness of part of Europe’s energy-intensive industries and worsen global environmental performance by redirecting production to parts of the world with lower environmental standards.”
His comments are understood to be aimed in particular at the economic threat from China, India and other Asian nations.
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