Flagship carbon scheme in jeopardy?
The European Parliament has voted against proposals to prop up the world's leading carbon trading scheme, designed to reduce CO2 emissions. The price to emit has plummeted to a record low, raising questions about the scheme's future.
BBC World Business Report, 16 April 2013,
Mark Whitaker (BBC): This is World Business Report and I’m Mark Whitaker. And today, European MPs vote no to a plan to boost the idea of carbon trading as the weapon to combat climate change.
Tamra Gilbertson (Carbon Trade Watch): Perhaps this can be a signal to the rest of the world that emissions trading and market-based solutions are not the solution to climate change.
Listen to the BBC World Business Report, 16 April 2013