Via Scoop.itThe Great Transition
A Reuters analysis of the EU’s failing carbon market: “The EU emissions trading scheme (ETS) has demonstrated that the knack of achieving a small EUA short — not too short to cripple industry nor long rendering the scheme useless — is a difficult balancing act. It may represent a critical flaw in carbon markets over a technically simpler but politically unpalatable carbon tax.” When will the EU understand that its market-based approach does not worl?
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