‘Think about What’s Happening in Countries like Germany . . . ‘
From today’s Open Europe roundup:
German think-tank criticises Big Three’s calls to raise EU emissions target
In Handelsblatt, Lüder Gerken, of German think-tank Centrum für Europäische Politik, criticises the justifications made by the German Environment Minister Norbert Röttgen, together with the British and French ministers, to increase the EU’s emissions target. “The politicians ignore what students of economics learn in their first semester – that the overall economic product falls when a production factor that was once free, bears costs; and it falls even more when one puts tax on it”, he said. He adds that it will lead to a “decrease in production” and “cuts in employment”.