Meeting Kyoto protocol greenhouse gas emission targets will cost the Germany, Italy, Spain and the UK dear in terms of reduced economic growth higher energy prices and lost jobs, Brussels-based think tank the International council for capital formation (ICCF) has claimed. ICCF's American sister organisation ACCF published similar estimates in 2002, sparking a row with then EU environment commissioner Margot Wallström (EED 13/09/02). ICCF now calculates that GDP could be depressed by up to 3% by 2010, whereas the EU's official estimate is 0.06%. See ICCF climate change pages and summary report.
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