27.02.2013 - EU ETS faces back loading test
Dismal prices in the European Union Emissions Trading System are causing interest in the world’s largest emissions market to wither away. While the European Commission has come up with a plan to put it on life support, analysts say there is a 50:50 chance it could be blocked – a decision that would ultimately lead to the scheme’s demise. To many observers, the European Union Emissions Trading System (EU ETS) is a shining example of bold collective action by national governments aimed at achieving a noble common cause – the reduction of harmful greenhouse gas emissions and the slowing of climate change. To others, the EU ETS serves as a cautionary tale of the various pitfalls and banana skins that crafting a traded emissions market can bring...............................................Full Article: Source
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