Carbon markets: Extremely Troubled Scheme

Economist: ON FEBRUARY 19th Europe's emissions-trading system (ETS) faces a potentially fatal vote. It could not only determine whether the world's biggest carbon-trading market survives but delay the emergence of a worldwide market, damage Europe's environmental policies across the board and affect the prospects for a future treaty to limit greenhouse-gas emissions. Quite a lot for a decision which--as is the way of things European--sounds numbingly technical. The vote is due to take place in the environment...

URL: http://www.economist.com/news/finance-and-economics/21571940-crunch-time-worlds-most-important-carbon-market-extremely-troubled-scheme
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