Monday, May 6, 2013

European carbon market’s trouble darkens outlook for remedying climate change - The Washington Post

European carbon market’s trouble darkens outlook for remedying climate change - The Washington Post: "Europe’s system never established a price floor that could have prevented a market collapse. In addition, too many free allowances were given to too many companies. Some, in fact, never had to pay for allowances at all, allowing them to hoard them or even sell their carbon credits at a profit."

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