Frank McDonald writes in the Irish Times that as the EU has grown, its moral strength on environmental issues has weakened. Our friends in the east it seems want to retain their “hot air”. Seems like it’s not the Polish plumbers we should be worried about, but rather the Polish plumbing.

[Hot air] refers to the tradeable bank of credits built up by Poland and others as a result of the collapse of their Soviet-style economies in the early 1990s. Potentially, these assigned amount units (AAUs) – also held in abundance by Russia – are worth a fortune. But they could seriously undermine the international carbon market.

The compromise agreed by EU environment ministers at their meeting in Luxembourg on Wednesday said the unrestricted “banking” and use of AAUs at their full value to comply with commitments on emission reductions beyond 2012 would have to be “addressed appropriately” to ensure the environmental integrity of a Copenhagen deal.

Frankie Frankie also mentions poorer EU states’ unwillingness to pay for original members’ polluting past (that’s since ~1750 for those of you in the UK):

Poland, together with other former Soviet satellites, sees no reason why it should have to dig deeply into its own coffers to help other countries combat climate change. (It also wants to hang onto its carbon-intensive coal-fired power stations as long as possible).

Heads of state meet in Brussels to get this sorted. They then have some last minute talks in Barcelona in November. If they can’t find a solution by then it’s tough to see one coming in the pressure cooker that will be COP-15. And ff the EU can’t get their own yard into shape it’s hard to see what leverage they can assert over the US or China.