| A glut of European Union carbon-emission permits is limiting Germany’s options to meet its 2020 greenhouse gas-reduction target, according to the nation’s environment ministry.
Europe will take years to eliminate its surplus before cost-effective climate strategies based on carbon markets will get traction, Dirk Weinreich, head of emissions trading in the ministry, said Monday. Germany wants to cut emissions at home to meet its most-immediate climate goal rather than just buy and retire pollution allowances, he said in an interview...............................................Full Article: Source
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