16.10.2008 - Is carbon trading having an impact on industry?
From Seekingalpha.com: Although there is no strong evidence yet that the European Union’s Emissions Trading Scheme is driving industries away to more pollution-tolerant parts of the world, it seems likely that this may occur. That appears to be the tentative conclusion of a working paper from the International Energy Agency examining the impact of the ETS scheme on the European aluminum smelting industry. The purpose of the paper was to explore the issue of “carbon leakage,” the increase in emissions outside a region as a direct result of the policy to cap emission within that region...... Full Article: Source