Vaclav Klaus: Europe's Doing What You're Going to be Doing, And it Ain't Grand

Czech President on “fantasy” of new energy economy: “Cap-and-trade can only work by raising energy prices. Consumers who are forced to pay higher prices for energy will have less money to spend on other things. While the individual companies that provide the higher-priced “green” energy may do well, the net economic effect will be negative.”