Cheap emissions permits means industry hasn’t traded in its polluting ways. David Davies/PA

Permits to pollute can be bought too cheaply

When the carbon price collapsed to below €3 in April this year, EU policymakers sought to prop up carbon prices by a deal that would delay the release of carbon allowances (known as “backloading”). This…
Ratcliffe-on-Soar power station: carbon markets are supposed to be effective, not just hot air. PA/David Davies

Is this the end of carbon trading, or just a hiccup?

Just as scientists almost universally agree greenhouse gases contribute to the planet’s changing climate, economists almost universally agree the problem is made worse because polluters don’t pay for the…

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