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Australia-EU carbon link may usher 'race to the bottom'

2013-07-21 15:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The European Union and Australia last August agreed to link emissions trading schemes, with the aim of injecting new momentum into flagging moves for a global carbon price. Less than a year on, it is clear they have conflicting aims. It should not be a surprise, their motives were probably in opposition from the start: on the European side to fuel demand for emissions allowances and lift carbon prices in its flagging market; in Australia, to access cheaper carbon credits. Australia's view...

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