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Windfall gains for the biggest polluters

The Guardian has been critical of the EU carbon trading system in the past and a new report available here claims that some of Britain’s biggest polluters are set to reap a windfall gain because of an over-allocation of C02 permits in the first phase of the EU-ETS.  The early fault-lines in the EU_ETS system are tantamount to government failure. The Guardian’s special reports on emissions trading provide a good point of reference for students and teachers.

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Economics