
Good news! It took the European Union a couple of decades and many years of socialist indoctrination, but it has finally been able to sign a treaty to collectively commit suicide.
Subject to formal endorsement in summit conclusions being prepared in Brussels, Europe has agreed to make a conditional offer to the rest of the world at global environment negotiations in Copenhagen in December…
Angela Merkel, the German chancellor, said the financial cost should not be included in the EU’s proposed package of ambitious climate change targets – at least not until other nations signal their readiness to pay their share.
But the summit text puts a 100 billion euros-a-year (£89.6 billion) price on curbing global warming by 2020, of which annual public funding is estimated at 22-50bn euros.(£19.7bn – £44.8bn.)
The EU’s combined share of that would be between 7-10bn euros (£6.2bn – £8.96bn) a year by 2020.
For the record, 100 billion euros is approximately 150 – 160 billion USD.
Ah well, I was pretty tired of life already, so it’s fine with me.
/