Thursday, August 2, 2012

Europe's Carbon Market Trips on a New Proposal

Wall Street Journal: A recent proposal by the European Union to buttress its program to curb greenhouse gases has raised new questions about the long-term path to clean air. The proposal, which aims to slow the pace at which permits to emit CO2 are sold on the Emissions Trading System between 2013 and 2020, risks having only limited effect if it isn't followed by permanent measures, analysts say. The ETS, as the EU carbon market is known, was designed to encourage companies to invest in technologies that reduce...

URL: http://online.wsj.com/article/0,,SB10000872396390444320704577562431794630816,00.html?mod=vocus
Enclosure: http://si.wsj.net/public/resources/images/EM-AS210_EuroFo_D_20120801133903.jpg

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