From PointCarbon :

EU ETS emissions of CO2 rose 0.3% in 2006 Carbon dioxide (CO2) emissions from installations participating in the EU emissions trading scheme (ETS) rose by 0.3 per cent in 2006 – well below EU economic growth of 3.0 per cent, the European commission said on Thursday.

…and way above where it had to be for any semblence of a legitimate claim to emerge that this scheme will lead them to their Kyoto reduction. And, way above the US reduction of a percent and a half over the same time with even stronger economic growth.

Again we see “world leadership in reducing emissions” means increasing them with an excuse of how they could’ve been worse.