I don't know how to break this to you Dutch Roll, but the UBS report that was tabled this morning shows that at the present time the Europeans have spent approx 287 Billion on carbon waste. For zero impact. Naturally they are getting a little pissed off, and the EU carbon pricing market is now on the verge of collapse. Of course we have our two hero's stepping in to save the world, one because he (Brown) believes all this stuff, the other because she sees a opportunity to redistribute wealth. We should be so lucky. Looks like the only carbon trading we will be doing is with ourselves.