It's all so confusing: If fighting global warming is the way to riches, why is the EU not willing to "go on an economic limb to lead the fight against global warming"?

Emission Control Agreement Hits an Economic Problem - World News - Israel News - Israel National News

The European Union, confronting an economic recession and perhaps a banking crisis as well as a trend towards the phase-out of nuclear energy, is telling the environmental lobby the hard facts. Europe will not go on an economic limb to lead the fight against global warming.
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Representative Michele Bachmann, who has become a major player in the Republican presidential sweepstakes, got tremendous applause this weekend when she pledged that the American consumer, as opposed to UK dwellers, will be able to purchase any light bulb that he wishes and not only energy-saving fluorescent and LED bulbs.