For anyone that doesn't get Aviation Week, the latest issue had a pretty good article about the EU Carbon Trading Scam (don't even get me started on this BS) but the bottom line is China has warned the EU that if they go through with it, ETS that is, China is waging an all out economic war on Europe. Many in the EU are terrified now, and rightly so.
Luftansa alone is looking at an increase of between 200-500 million in operating cost because of this crap by 2015, and the EU hasn't even said what they'll do with the revenue.
The "green" money machine continues to churn out tons of cash at the cost of real progress.