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EU carbon system needs more protection from market abuse: Auditor

2015-07-03 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The European Union's carbon market is still failing to be managed properly and more improvements are needed to protect it from abuse, the EU's auditor said on Thursday. The EU's Emissions Trading System (ETS) is central to the 28-member bloc's efforts to cut greenhouse gas emissions but has endured a series of damaging scandals over its 10-year existence, including value-added tax fraud, the resale of used credits, phishing scams and cybertheft. The system, which is supposed to cap the carbon...

Tags: system market protection abuse

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