December 10, 2008

EU Carbon Trading Hasn't Benefitted Climate

"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."

ORIGINAL SOURCE: Environmental News Network

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