Polluters get windfall from emissions scheme

This article from the Guardian hightlights one of the dangers with an emissions trading scheme. Business interests pour hugh sums of money into a relentless lobbying campaign and end up with a scheme that is ridiculously slanted towards their interests. In this case, a huge overallocation of free carbon emissions permits in the EU scheme, which polluting firms are now able to sell for massive windfall profits.

The same process is currently taking place here in Australia.


1 Response so far »

  1. 1

    Dan said,

    Hi – this criticism of the EU ETS is not quite fair. While some companies have received more credits than they need, the scheme overall will require a reduction in emissions. For an environmentalist, this is the important thing – not the distribution of credits among participants.

Comment RSS · TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: