Tag: CO2 emissions

European Union Votes Against Propping Up Anemic Carbon Emissions Market

European Union MEPs Tuesday voted against propping up their anemic carbon trading market, the emissions-trading system (ETS). The ETS is a ten year old flagship market scheme for trading carbon emissions with the goal of increasing the price of carbon and thereby creating incentives to reduce carbon emissions-intensive industry. In a 334 to 315 vote,…