| The biggest carbon trading project in the world - the EU Emission Trading Scheme (ETS) - has brought small declines in emissions across the bloc, but has few fans.
Opponents of climate regulation hate it because they see it as an expensive white elephant; proponents of tougher regulation hate it because EU member states have secured emission caps high enough that the carbon price (currently around 10 euros per tonne) remains below levels that could drive fundamental change..............................................Full Article: Source
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