Think Tanks Warn "Cost of Kyoto 10 to 15 Times Over EU Predictions"
and Call for Radical Rethink over 2012 Policy

International Council for Capital Formation
December 10, 2004

At a workshop co-sponsored by International Council for Capital Formation, Centre for the New Europe, Istituto Bruno Leoni and Institut Economique Molinari held on Wednesday, November 24th, 2004 in Brussels, a group of high-profile MEPs, hosted by the European Parliament's Vice President, Mr. Vidal-Quadras Roca and Mr. Giles Chichester, MEP and chairman of the EP Committee on Industry, Research and Energy, the think tanks warned that Europe's current approach to tackling climate change will seriously jeopardise the health of its economy over the next two decades. Their warnings reflect the latest research, which shows that implementing the Kyoto protocol might cost Europe's economy 10 to 15 times more than the Commission previously calculated.

Presenters at the conference included ICCF's managing director, Dr. Margo Thorning; Dr. Richard S.J. Tol, Hamburg University; Dr. Michael Otto, Professor of Sustainability and Global Change at the Centre for Marine and Climate Research, Hamburg University; Mr. Barun Mitra, writer and commentator on public policy with a special interest in development, environment, trade and technology related issues; and Mrs. Edit Herczog, MEP, Member of the Socialist Group and Member of the Committee on the Internal Market and Consumer Protection in the European Parliament. (See program.)

Click below to view their presentations.

Read Dr. Thorning's presentation

Read Dr. Tol's presentation

Read Barun Mitra's presentation

Read Mrs. Herczog's presentation