Prometheus » Blog Archive » The Polish Loophole Takes Shape

...So the question has been, what will it take to get Poland’s agreement to an EU climate policy package?

The obvious answer is to somehow create a loophole for Poland to be exempt from the requirements of EU climate policies. Such loopholes are the Achilles Heel of cap-and-trade, and doom the EU plans to policy failure. U.S. cap-and-traders should take note.

Prometheus » And here's the Indian loophole

SPIEGEL ONLINE: Mr. Saran, when will India oblige itself to start restricting its own CO2 emissions?

Saran: Even though there is no legal obligation on India in this respect, the Prime Minister of India made a commitment that India’s per capita emissions will at no time exceed the average of the per capita emissions of developed, industrialized countries. We have thus accepted a limit on our emissions and at the same time provided an incentive to our partners in developed countries to be more ambitious. The more significant their reductions of emissions, the lower the limit we would need to accept for our own.