Reuters: Europe's emissions trading scheme has failed to create incentives for utilities to use cleaner energy fuels, meaning that governments will have to switch to simpler tools, such as subsidies and regulation, to enforce emissions reduction targets. One of the most effective steps to reduce emissions would be to switch from coal-fired power generation to gas, which produces about half the emissions of coal. The European Union's emissions trading scheme (ETS) puts a price on allowances to emit greenhouse...
URL: http://www.reuters.com/article/2012/06/15/us-energy-power-emissions-idUSBRE85E09R20120615
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