Walter Russell Mead: "the most important piece of green intervention in world history has become an expensive and embarrassing flop"

EU Refuses to Resuscitate Its Dying Carbon Market | Via Meadia

The EU has been the global laboratory testing the green agenda to see how it works. Today’s story means that the guinea pig died; the most important piece of green intervention in world history has become an expensive and embarrassing flop. It’s hard to exaggerate the importance of this for environmentalists everywhere; if the EU can’t make the green agenda work, it’s unlikely that anybody else will give it a try.