Is Europe’s Emissions Trading System Broken?

Emitting CO2 into the atmosphere is dirt cheap in Europe these days. At just €8 per ton, the low price is undermining the European Union's effort to establish an effective cap and trade system. Implementing necessary fixes to the system, however, won't be easy in the face of industry opposition.

ESO: Key source: Emissions Trading System (EU ETS) http://www.europeansources.info/record/emissions-trading-system-eu-ets/

Environmental Defense Fund: The EU Emissions Trading System. Results and Lessons Learned, 2012 http://www.edf.org/sites/default/files/EU_ETS_Lessons_Learned_Report_EDF.pdf

ESO: Background information: MEPs push to fast-track carbon market debate http://www.europeansources.info/record/meps-push-to-fast-track-carbon-market-debate/

---