Grist: I know you`ve all been following the developments around the European Union`s carbon-trading system and are concerned that … hm? What`s that? You say you have a life?
OK, fine, some background then.
In 2005, the EU launched the world`s first (and still biggest) carbon trading system, the Emissions Trading System (ETS), which now covers over 30 countries and some 11,000 industrial facilities and power plants. The ETS has been a source of hope for supporters of carbon policy, who aren`t exactly…

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