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Call on EU to abolish emissions trading scheme

Posted on 05 March 2013

The European Union is being urged to scrap its landmark emissions trading scheme (ETS) by an international coalition of environmental, development and other civil society organisations. “The ETS is in trouble – big time,” the coalition said, adding that this assessment was shared by most analysts, policymakers, politicians, carbon traders, industrial polluters and non-governmental organisations.
“The EU maintains a scheme which allows polluters and financial ‘market makers’ and speculators to move around pollution permits and cash in on windfall profits without making any significant contribution to halting runaway climate change,” it claimed………………………………………..Full Article: Source


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