Carbon Dioxide Emissions Fall in U.S., Rise in Europe

Carbon dioxide (CO2) emissions in the United States fell by 1.8 percent in 2006, compared to a 0.3 percent increase in emissions in the European Union (EU), according to newly released data from the U.S. Energy Information Administration.

The new data confirm the continuing success of market-oriented, voluntary greenhouse gas emissions programs in the U.S. versus European cap-and-trade mandates.

The stark difference occurred even though the two economies grew at a near-identical pace in 2006, roughly 3 percent for the year.

Technology and free markets wins again over command and control bureaucracy. Free market economies will always outperform command and control.

Source here.