Europe Sinks Its Flagship Carbon Trading Scheme

All German Chancellor Angela Merkel had to do was pick up the phone and dial her people in Brussels. Had she done so before the European Parliament’s (EP) key vote last month on April 19, her party’s representatives could easily have saved the EU Emissions Trading Scheme (ETS), Europe’s flagship mechanism for reducing carbon emissions. But the woman once hailed as “the climate chancellor,” didn’t make the call, a consequence of differences of opinion on the ETS within her ruling center-right coalition, she said. The impotent ETS is now withering on the vine, where it may remain until it is dead altogether.

Leave a Reply

Your email address will not be published. Required fields are marked *

five × one =

This site uses Akismet to reduce spam. Learn how your comment data is processed.