It cannot be that nations that make big cars are punished more than countries that make small cars.-- Angela Merkel.
(It has been said that the Chancellor has embraced contraction and convergence.)
P.S. UK government approach is not much more promising. See Ministers challenged over backing for coal-fired power station.
P.P.S. Dieter Helm has a fiery commentary on current European and U.S. approaches in a letter in the WSJ titled Sins of Emissions:
The U.S. and Europe refuse to acknowledge that halting the relentless rise in the concentrations of greenhouse gases in the atmosphere will take a significant slice out of economic growth. It will probably mean living standards will have to be cut if our consumption is going to be environmentally sustainable. We are simply living beyond our -- and the planet's -- means.
This is not a welcome message for politicians to give to their voters. But it happens to be what is required to tackle this global crisis. Not since the late 1930s, in the run-up to World War II, has such a massive restructuring of major economies been required. Nobody told the British or American people then that the challenge of creating a wartime economy was going to be cheap. They should stop pretending that the enormous challenge of decarbonizing the major economies can be done on the cheap, either.