Emissions scheme "seriously undermined", says WWFPress

AssociationWednesday June 13, 2007Guardian Unlimited
Weak political decisions have "seriously undermined" one of Europe's key strategies to reduce emissions and tackle climate change and look set to do so again, according to a report out today.
The EU Emissions Trading Scheme (ETS) uses a tradable permit system to persuade business and industry to reduce their emissions by effectively putting a price on the carbon they release into the atmosphere.
Companies who use more than their permits allow can buy unused allowances from other firms.