11.02.2011 - UK nets EUR1bln in carbon permit auctions
From Guardian: The UK government has made more than €1bn (£844m) selling carbon permits to polluting businesses, and could make billions more each year for the next decade, research published on Thursday shows. But despite pressure from the European Union, none of the revenue raised is being directed towards green projects. On Thursday, the UK netted around €63m from its latest auction of permits, the first since trading was halted for two weeks after hackers stole around €40m by exploiting flaws in the carbon trading system..............................................Full Article: Source
Print