Carbon: Europe's Lessons for the U.S.

This is supposed to be the year of the green economy. U.S. President Barack Obama's $787 billion stimulus package has earmarked billions of dollars for renewable energy and efficiency projects. Pundits expect America to reverse its hostility to the Kyoto Protocol on Climate Change and lead this year's negotiations for its successor. And some form of federally mandated U.S. carbon dioxide credit-trading scheme is expected by the end of 2010.

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