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The head of the German research institute Ifo, Hans-Werner Sinn, has correctly questioned the practical value of proposed European Union policies designed to reduce fossil-fuel use:

If the EU curtailed demand for fossil fuels, as proposals currently seek to do, the prices for oil and coal would drop, Sinn explained.

At some point, the lower prices would result in decreased demand from Europe being compensated for by other countries such as the United States, China or India, he added.

“We must take into consideration that the Kyoto accords effectively only limit 29 percent of global energy consumption,” Sinn stressed.



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