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Emissions Trading Reforms Raise Pollution Permits Price

2013-07-04 17:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Critical reforms to Europe's flagship scheme for cutting carbon emissions were passed for the first time on Wednesday in the European parliament. The move immediately caused the price of pollution permits, currently near rock bottom, to rise. Policymakers believe a higher price is essential to encourage more greenhouse gas reductions. The EU emissions trading scheme, the largest in the world and now being replicated in China, is intended to tackle climate change by reducing CO2 emissions across...

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