In sum, these results call for a measured policy of greenhouse gas emission reduction. There is reason to believe that European climate policy is overly ambitious.
Now, this comes from an AGW believer and expert in economics and actually, I think he's being a little disingenuous. The EU is not being over ambitious, they are just pissing the money away. I don't see any evidence that the EU is actually being effective with their policies - I see them taxing the fuck out of us to keep the French farmer happy.
Well, fuck them all - they can stand or fall on their own fucking merits. (The whole article is actually worth a read though: there is maths to show that we are being severely over-taxed in the name of saving Gaia. Quelle surprise, as a French farmer might say.)
Update: As if by magic:
Rich countries pledged $410m (£247m) a year in a 2001 declaration - but it is now unclear whether the money was paid.
UN Secretary General Ban Ki-moon has accused industrialised countries of failing to keep their promise.
The EU says the money was paid out in bilateral deals, but admits it cannot provide data to prove it.
And still we have people telling us how wonderful and benign and good the EU is.