2010 rise in EU catastrophic man caused global warming emissions despite auto emissions drop and CO2 trading. Cold weather cited as problem.

Not mentioned in the article is $287 billion taken from Europe's taxpayers for the purpose of "tackling" catastrophic man-caused climate change via CO2 trading which per UBS Bank provided "zero impact" to the environment, "windfall profits" to participants, paid for by "electricity customers."

5/30/12, "EU emissions rise despite climate change policies," Euractiv, UK Guardian

"Greenhouse gas emissions for the European Union increased in 2010, despite the economic recession and policies intended to tackle climate change....

One of the key factors behind the rise in EU emissions in 2010 was higher demand for heating owing to a particularly cold winter. Heating is a particularly difficult area for renewable energy, because it is easier to substitute large scale renewables – such as wind farms – for fossil fuels than it is to generate renewable energy for heating homes.

But the EEA said that emissions from road transport fell in 2010...

The European Environment Agency...compiled the statistics....

In 2010, the use of renewable energy expanded in the EU by 12.7%, according to the EEA, which helped to constrain the rise in emissions....

The Guardian has learnt that the EU is attempting to rebrand gas as a "low-carbon" fuel, allowing funds meant for renewables to be redirected to gas development, in a move that could endanger investment in renewable energy and jeopardise efforts to combat climate change."...

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11/23/11, "Europe's $287 billion carbon 'waste': UBS report," The Australian, by Sid Maher

"SWISS banking giant UBS says the European Union's emissions trading scheme has cost the continent's consumers $287 billion for "almost zero impact" on cutting carbon emissions, and has warned that the EU's carbon pricing market is on the verge of a crash next year.

In a damning report to clients, UBS Investment Research said that had the €210bn the European ETS had cost consumers been used in a targeted approach to replace the EU's dirtiest power plants, emissions could have been reduced by 43 per cent "instead of almost zero impact on the back of emissions trading".

Describing the EU's ETS as having "limited benefits and embarrassing consequences", the report said there was fading political support for the scheme, the price was too low to have any significant environmental impact and it had provided windfall profits to market participants, paid for by electricity customers....

European carbon prices have already been under pressure as part of the market turbulence triggered by the European debt crisis. Analysts are predicting EU carbon permits may fall to a record low €8.60 this week on a "future supply glut".

UBS said sources of the oversupply of permits include the European Investment Bank, EU governments, Russia and Ukraine."

via Tom Nelson