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Carbon fat cats are killing the emissions trading mouse

Posted on 15 February 2013

Europe’s carbon trading scheme should be the biggest action on climate change on the continent, but lobbying threatens to kill much-needed reform. What is the most important climate change policy issue in Europe right now? By a wide margin it is the broken emissions trading scheme, because it should the biggest and best way of cutting carbon emissions.
The idea of a cap-and-trade scheme is that the cap shrinks, requiring a progressive reduction in carbon emissions. Meanwhile the trade means that the cuts in emissions take place where they are cheapest, meaning the maximum benefit for the least cost………………………………………..Full Article: Source


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