Plan That Whole World Seemed To Hate Wasn’t Even Reviewed, EU Officials Now Admit

European Union (EU) officials are pushing forward with a major climate proposal, even though they apparently did not bother to study the policy’s costs or environmental impacts, according to Politico.
In July, the European Commission unveiled a sweeping plan to slash the EU’s carbon footprint by 90% by 2040, partly by allowing member states to use carbon credits earned by funding climate projects in developing countries to offset emissions. Despite the policy’s potentially massive economic and environmental ramifications, EU officials admitted they did not conduct an internal analysis of its impacts before proposing it, Politico reported.
The Commission admitted its climate department, DG CLIMA, held no documents analyzing the program’s cost or effectiveness when Politico requested internal assessments of the policy’s potential impacts.
The idea was spearheaded by Climate Commissioner Wopke Hoekstra, but climate department head Kurt Vandenberghe admitted in June that they were “not entirely prepared” for the move, Politico reported. Key details, including how much the credits will cost and whether taxpayers or companies will foot the bill, also remain unclear, according to the outlet.
….
Critics argue that carbon credit policies impose significant compliance costs on businesses, forcing them to participate in a system that many consider deeply flawed. Companies have spent millions on carbon offset projects that deliver little to no real emissions reductions, and in some cases, have exaggerated or outright fabricated their environmental impact. [90% of rain forest “offsets” were found to be phony, Chinese “bio-diesel” exports are not as claimed, made from recycled palm and cooking oil”, etc, — ED]

“The cost of high-quality carbon credits that deliver sustainable and long-term mitigation outcomes can be very high,” the EU’s scientific advisory board on climate change warned about the carbon credits in June. “Purchasing such credits from abroad could therefore come at the expense of domestic investment opportunities.”

[Which, besides lining the pockets of fraudsters behind this scheme, is the main point: deindustrialize the west — Ed]

And till more garbage “science”: