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EU policy mash dent carbon markets before Paris climate deal
2015-02-17 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The European Unions carbon market, designed to save the environment, is being undercut by a patchwork of national subsidies for renewables and misaligned energy policies that have helped cut in half the volume of power being traded. The bloc wasted a quarter of the $550 billion spent on renewable energy, according to analysis by consulting firm Bain & Co. presented last month at the World Economic Forum in Davos, Switzerland. Some energy-saving policies cost more than 18 times the price of the...
Tags: policy
paris
deal
markets
Category:Electronics and Electrical