Spiegel: The continent’s bureaucrats hope their counterparts in China, India, and the US will embrace carbon regulation next year in Copenhagen. The bureaucrats that run the European Union’s day-to-day business aren’t known for taking risks. Yet back in 2005, when they devised the EU Greenhouse Gas Emission Trading Scheme (EU ETS), these pencil pushers gambled that a cap-and-trade scheme would help cut the EU’s carbon dioxide emissions. Now, three years on, the environmental benefits from the …