The market for carbon trading is broken. We must fix it before it's too late

Independent: As the European Commission prepares to publish its first report on the EU Emissions Trading Scheme (ETS), the future of the world's largest "cap and trade" system for forcing down carbon emissions hangs in the balance. As it stands today, emitters are running rings around policymakers and exploiting the scheme's many weaknesses. The time has come to fix it, or shut it down for good. Major emitters have lobbied hard against reform of the carbon market - a sure sign they fear significant intervention...

URL: http://www.independent.co.uk/voices/comment/the-market-for-carbon-trading-is-broken-we-must-fix-it-before-its-too-late-8145033.html
Enclosure: http://www.independent.co.uk/incoming/article8145019.ece/BINARY/original/Pollution.jpg