EU's 20-20-20: Travesty or Scam?

A few interesting facts about the European Union “Climate Pact”, aka “20-20-20“:

(1) EU’s current CO2 emissions are 14% of the world’s

(2) 20-20-20 will reduce that by 20%. Even if everybody else’s emissions don’t grow in the next 12 years, the overall reduction will be 14×0.2=2.8%. Therefore, instead of emitting 100, in the best circumstances the world will emit 97.2

(3) Given the logarithmic nature of the greenhouse effect, log(97.2)/log(100)=99.38

(4) The EU is therefore planning to spend 0.66% of its PIL for 12 years (total: 7.92% of a single year’s PIL) to ameliorate the world’s temperature by 100%-99.38%=6.2 tenths of a percent.

(5) Think about the efficiency: a grand total of 8 hundredths of a percent of cooling for each % of PIL.

Still wondering why not everybody is enthusiastic about “20-20-20”?