Germany to spark 'climate crisis'

Big business wins again. With the USA setting no limits at all, and Germany setting derisory ones, other industrialised countries are bound to follow, claiming they "can't hurt their industry".

We're all doomed, I tell you, doomed!

Say it to yourself at least once a day. After awhile, you start to get a certain philosophical calm about the end of the world. Of course, I don't have any children...

But the situation is even better.
ETS is part of the Economy ministry, not the environment ministry. So far, Germany hasn't participated in ETS at all, as the practice is to give away the pollution rights for free and on demand. The direct effect is that ETS is a major factor in rising greenhouse emissions - yes, that's right: the implementation of ETS makes matters worse and not better : only 10% of the rights can be sold, 90% have to be given away for free.
At the moment, power companies build coal plants, just to get more pollution rights (the on-demand part). Instead of using them however, the power companies sell the pollution rights, at least in part. To complete the perversions, they also raised prices by the value of the pollution grants - despite getting them for free.