28.01.2016 - Climate targets suffer as carbon price slumps
Political gridlock and collapsing commodities sent the carbon price in the EU’s Emissions Trading System spiraling to a 20-month low this week, making it even more unlikely that polluters will be encouraged to cut greenhouse gas emissions. The plummeting price is a blow for the already reeling ETS, which was supposed to be the EU’s main vehicle for getting polluters to cut emissions but has so far been plagued with problems. Under the system, companies receive or buy permits to emit a ton of CO2, with the goal of prompting them to steeply reduce emissions over time...............................................Full Article: Source
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