CHANGING GOVERNMENT PRIORITIES
Monday, September 29th, 2008In the September 23 issue of the Financial Times, reporters Chris Bryant, Fiona Harvey, and Tony Barber, in an article entitled “Climate Change Fears After German Opt-Out”, reported that the German government had backed a decision to exempt virtually all of German industry from new EU rules that would force companies to pay for carbon dioxide emissions. Not surprisingly, the Merkel government justified the decision on the basis that it would cost too many jobs.
Over the last decade, the United States has been soundly criticized by governments, as well as environmentalists, for refusing to endorse the Kyoto Protocol to reduce carbon dioxide emissions. Global warming has been seen as such an imminent crisis of such horrible consequence that governments have implicitly assumed that addressing it had priority over all other public policy concerns. Obviously, short-term job losses now trump global warming as a higher public policy priority in Germany. The reporters state that opponents of the German government decision believe that it will trigger off similar decisions by other governments. (more…)
