Carbon trade scheme ‘is failing’

Gas emissionsThe EU’s carbon trading scheme has increased electricity bills, given a windfall to power companies and failed to cut greenhouse gases, it is claimed.

An investigation by BBC Radio 4’s File on 4 programme has found that after two and half years the scheme has yet to cut in carbon dioxide emissions.

The consumer body Energywatch said customers are getting a raw deal.

But a government minister has promised that the scheme’s next phase will be a big improvement.

The EU’s Emission Trading Scheme – a key part of the UK Government’s drive to combat climate change – began in 2005 and created a trade in carbon allowances.

Source: BBC News

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s


%d bloggers like this: