04.02.2013 - Is there any hope for EU carbon trading?
Europe's carbon price has dipped - again. It currently costs major polluters in the European Union around 3.30 to emit a tonne of carbon dioxide - about the same price as an energy saving light bulb. This means that emitters are currently releasing greenhouse gases that contribute to climate change at very little cost. The latest dip comes at the end of a bad month for the carbon price - which dropped below 5 for the first time last week. And there was more bad news last night: Deutsche Bank has stopped trading in the EU Emissions Trading Scheme (EU ETS) - further damaging the market's image. We look at what recent events mean for the future of the troubled scheme............................................Full Article: Source
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