The Wall Street Journal is reporting the existence of a draft EU document that may turn out to be significant:
European policy makers must factor in the impact of the region’s deep financial crisis and stumbling economies as they design climate and energy policies, according to a draft European Union document seen by The Wall Street Journal.
The document signals that the 27-nation bloc may be reining in its ambition to lead the world in tackling climate change.
The paper, whose final version is expected to be published March 27, aims to start a debate ahead of the drafting of the EU climate and energy policy for the decade between 2020 and 2030, of which a first version should be ready by the end of this year.
Who knows what kind of a mess we could be in by 2020, but at least this report suggests the EU has now noticed that there is a problem.