EU to focus away from man-caused CO2 terror in face of prolonged economic slump in Europe and failure of EU carbon trading after 100's of billions spent

.
5/18/13, "EU to dial back measures against global warming," Global Post, Kyodo News

"The European Union, which has spearheaded efforts to curb global warming, is set to adopt a change of focus in response to concerns over costs and the impact on companies in economically depressed Europe.

Under the change, the European Union will prioritize the supply of energy at affordable prices over cutting greenhouse gas emissions which impose burdens on industries, in a turnaround of the region's energy policy, an EU official said Saturday.

EU leaders will decide on the shift in energy policy at a meeting Wednesday. The change reflects requests from businesses in the 27-member zone amid the prolonged economic slump triggered by the eurozone sovereign debt crisis, the official said.

A draft conclusion of the EU leaders' meeting obtained by Kyodo News said, "Against the backdrop of high pressure on Europe's competitiveness and increasing energy demand from major economies, the EU's energy policy must ensure the uninterrupted supply of households and companies at affordable and competitive prices."...

The change in policy comes as some European companies are moving to shift operations out of the region to avoid increasing costs to meet the emissions-cut goals, and amid a decline in emission trading launched in the region in 2005.

Discussions on countermeasures against global warming have also lost momentum as the European Union focuses on steps to boost the economy ahead of the European Parliament election scheduled for May next year." via Tom Nelson

============================

Europe's carbon trading system didn't help the planet, made the rich richer and the poor poorer:

11/23/11, "Europe's $287 billion carbon 'waste': UBS report," The Australian, by Sid Maher

"SWISS banking giant UBS says the European Union's emissions trading scheme has cost the continent's consumers $287 billion for "almost zero impact" on cutting carbon emissions."...EU CO2 trading provided "windfall profits" to participants paid for by "electricity customers.""

==========================

EU's genius cap and trade system even produced a renaissance in coal:

4/3/13, "CO2 Emissions: Can Europe Save Its Cap-and-Trade System?" Der Spiegel, by Nils Klawitter
  

.