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US stalemate hits carbon markets

Posted on 29 October 2010

From Petroleum-economist.com: The failure of US climate-change measures to pass through Congress this year leaves the near-term prospects for creation of a global carbon market in doubt, despite efforts elsewhere in the world.
The EU already has a functioning emissions-trading system (ETS), but until the US moves towards establishing its own cap-and-trade mechanism, there seems little hope of a global market materialising……………………………………….Full Article: Source


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