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It’s time for a carbon floor price-Gerard Wynn

Posted on 25 November 2011

The European Union’s emissions trading scheme now needs rescuing, but only on new terms which better address its main aims and eradicate some of its failings, using a price floor. The scheme, launched in 2005, is at a cross-roads, as carbon prices plunge to record lows and the fact dawns on traders that there may be no strong recovery for more than a decade.

The EU carbon market is now irrelevant as an environmental policy but a price floor would reverse that, and could deliver additional tens of billions of euros to member states through 2020 from extra auction revenues………………………………………Full Article: Source


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