| 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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