10.12.2008 - EU carbon trading system brings windfalls for some, with little benefit to climate

From IHT: The European Union started with the most high-minded of ecological goals: to create a market that would encourage companies to reduce greenhouse gases by making them pay for each ton emitted into the atmosphere. Four years later, the carbon trading system has created a multibillion-euro windfall for some of the continent's biggest polluters, with little or no noticeable benefit to the environment so far..... Full Article: Source

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