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September 19, 2009

EU smartly hedges climate control bets

The European Union has drawn up a list of industrial sectors to offer state support in case a world-wide climate deal doesn’t get done at Copenhagen in December.

Given that the toothless, Kyoto-cheating Waxman-Markey bill is unlikely to pass the U.S. Senate in even emasculated form, that China is likely to foot-drag on committing to even long-term goals, and more, it’s a smart idea, economically, while staying committed to climate control principals.

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