Europe's Climate Policy Forces Industry Into Retreat; Even Its Critics Are Folding

Europe's Climate Policy Forces Industry Into Retreat; Even Its Critics Are Folding Submitted by Thomas Kolbe In the media business, five months is an eternity. And it does indeed seem like an eternity has passed since Christian Kullmann, CEO of the German chemical giant Evonik, sharply criticized European climate policy at the end of October. At the time, Kullmann gave an interview to Süddeutsche Zeitung, in which he called—if not for the outright abolition—then at least for a significant weakening of the EU-wide CO₂ emissions trading system, given the dramatic state of...