The Economist Magazine has historically been a supporter of climate-change interventions such as cap and trade and carbon-emission reductions. Yet, they reported on the UN climate change talks in Durban as being more about “saving the circus” than “saving the planet.” But, just what is the “circus;” who are the performers; and how did they get into the ring? And, was it ever about “saving the planet?”
My previous column postulated on China’s role in the climate change “circus.” I suggested that their apparent change of heart on the issue was really just a change of strategy.
Like The Economist, another leading European publication, The Financial Times (FT) has also been a believer in man-made climate change. FT carried extensive coverage of the 2011 UN climate change talks—even producing a twelve-page supplement: Climate Change Review, Durban 2011. Here in the US, the climate change talks in Durban were barely mentioned.
Within FT’s reporting they state that the European Union (EU) “is pushing hardest among developed countries for a new global deal” and is “the greenest voice among wealthy countries at the talks.” Is the EU uniquely insightful, or like China, is their role in the ring also more about economic strategy?