| Europe's carbon trading scheme should be the biggest action on climate change on the continent, but lobbying threatens to kill much-needed reform. What is the most important climate change policy issue in Europe right now? By a wide margin it is the broken emissions trading scheme, because it should the biggest and best way of cutting carbon emissions.
The idea of a cap-and-trade scheme is that the cap shrinks, requiring a progressive reduction in carbon emissions. Meanwhile the trade means that the cuts in emissions take place where they are cheapest, meaning the maximum benefit for the least cost...............................................Full Article: Source
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