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Why Europe’s carbon woes matter to the whole world

Posted on 15 May 2013

Here’s a very strange thing: Europe’s decades-long effort to reduce carbon emissions has been thrown into a shambles because utilities and manufacturers are exceeding their carbon-reduction targets. That’s right. Exceeding them. It almost sounds like a joke, but it’s not.
Europe’s $100 billion carbon market, an innovative force in the powerful carbon-reduction approach known as cap and trade, has ceased to function the way it’s supposed to. The resulting chaos in Europe’s energy and environmental policies is threatening carbon-reduction initiatives in Australia, Asia, and elsewhere………………………………………Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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