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A carbon trading system worth saving

Posted on 07 May 2013

The European Union became a pioneer in tackling climate change by starting the first major cap-and-trade system designed to reduce carbon-dioxide emissions by putting a price on them. But analysts are increasingly worried that technical mistakes, Europe’s prolonged recession and the failure of policy makers to strengthen the system is undermining its effectiveness.
Like all such systems, Europe’s program caps the overall emissions that power plants, steel mills and other industries can put into atmosphere………………………………………..Full Article: Source


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