Germany to spark 'climate crisis' [View All]

The German government is about to trigger a new crisis in Europe's flagship climate policy, the Emissions Trading Scheme (ETS).

BBC News understands the German cabinet is likely to agree a deal that will reduce carbon emissions from industry by only 0.6% between 2004 and 2012.

The decision is likely to influence other EU countries, including the UK, which still have to set their own caps.
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"I have been a big supporter of the EU ETS, but hearing the German news I feel more depressed than I ever have done about our ability to tackle climate change," said Professor Michael Grubb of the UK Carbon Trust, set up by the British government to help create a low-carbon economy.

http://news.bbc.co.uk/1/hi/sci/tech/5121334.stm