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Carbon trading program falters in Europe

Posted on 21 February 2013

Just as President Barack Obama is trying to persuade Americans that a cap and trade system is the way to curb carbon emissions, the world’s flagship program in Europe is in danger of failing. The price of carbon traded in Europe has collapsed to around 5 euros per metric ton compared with 30 euros a few years ago, as I discuss in my Green column.
The EU Emissions Trading System is intended to set a price on greenhouse gas emissions in order to force polluters like steel mills and power stations to clean up their acts……………………………………Full Article: Source


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