23.02.2015 - Carbon Pricing Pays the Way for Cleaner Energy
Following more than two centuries of fossil-fueled industrialization, during which the atmosphere has been used as a free dump for climate-changing pollution, an incipient era of carbon-pollution pricing is paying dividends to the climate. More than 80 percent of the $4.8 billion raised by the European Union’s emissions trading system (ETS) in 2013 was spent supporting growth of clean energy and other climate-friendly initiatives. The leading cap-and-trade programs in the U.S. are spending similar proportions of their revenues on climate-friendly programs...............................................Full Article: Source
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