BusinessGreen: The European Union's plans for reform its emissions trading scheme (ETS) will fail to deliver the desired increase in carbon prices unless they are accompanied by more drastic action.
That is the stark warning contained in a new report released today by the London School of Economics (LSE) Grantham Research Institute on Climate Change and the Environment, which warns proposals to withhold the sale of carbon allowances will only defer the problems created by an over-supply of tradable EU allowances...