One and a half cheers for George Osborne. As the UK economy prepares to hurl itself off a cliff, he has decided it should do so with a parachute with lots of holes in it. Which is an improvement on his Plan A, which was to do so with no parachute at all: (H/T Benny Peiser/Global Warming Policy Foundation)
George Osborne has vowed that the UK will not lead the rest of Europe in its efforts to cut carbon emissions, raising the prospect that the country’s carbon targets could be watered down if the EU does not agree to more ambitious emission reduction goals.
In a potentially explosive intervention, Osborne insisted the government will only cut emissions in…
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