Companies will ‘buy’ their way out of polluting

The EU Emissions Trading Scheme (ETS) should be one of the most important weapons in tackling climate change.

But WWF says that what was a sound principle is being undermined – for a second time – by weak political planning which will provide a loophole for some of the worst polluters.
The carbon trading system was designed to reduce Europe’s emissions by capping the amount of carbon dioxide that companies are allowed to pump out.

The system allows the bigger culprits to buy carbon allowances from companies that have reduced their own emissions.

telegraph