NYT: Europe to U.S.: You’re a Big Polluter - by Sarah Graham

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Europe to U.S.: You’re a Big Polluter - by Sarah Graham

Now that George W. Bush has left the White House, European Union leaders are piling pressure on President Barack Obama to adopt regulations on climate change. The ideal scenario for Europe would be for the United States quickly to establish a system to cap and trade carbon dioxide, and then pledge to put pressure on other rich countries to do the same thing. The European Union already has adopted potentially costly policies that could hurt the trade bloc’s industrial competitiveness. If the United States resists that model, or delays action, Europe’s policies could lose their legitimacy.