By sacrificing the needs of growing economies that have met their goals to those of more established markets, the Commission is rewarding inefficiency and reducing the effectiveness of the European Union’s climate change policy and its common market.
By 2050 global GHG emissions need to be half of 1990's level to avoid surpassing this. With the failure of the EU-15 to honor its Kyoto commitment and the EU-15 switching to less ambitious emission reduction targets currently this seems out of reach.