Rethinking Kyoto

A long-awaited debate on the Kyoto Treaty has begun in Europe. Just how muchwill it cost industry and the EU economy? Long-term Energy Risk contributor MariaKielmas gives her views on the latest developments

At the moment it’s about democracy. Elections in Russia, Spain and Greece, European Parliament elections in June, and the future nomination of a new European Commission, have persuaded heads of government, legislators and even European commissioners to listen to what European industry and a substantial proportion of the EU’s population have been muttering sotto voce for nearly seven years: what is the EU’s adherence to the Kyoto Treaty on Climate Change for, and how much will it cost?

The EU

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