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The European Carbon Trading system isn’t dead yet


THE Wall Street Journal tells us that the ETS, the European carbon trading system, is dead. This is because the prices are so low that no one can be bothered trading:

One of the great policy bubbles of our times has been cap and trade for carbon emissions, and on Tuesday it may have popped for good. The European Parliament refused to save the EU’s failing program, which is the true-believer equivalent of the pope renouncing celibacy.

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Posted: 19th, April 2013 | In: Money | Comment | Comments RSS feed:RSS 2.0