European Emissions Trading System

The European Emissions Trading System faces a future of conflict and further negotiation after April 16th, when the European Parliament rejected a Commission proposal to improve the system by removing the current oversupply of emissions permits.  See coverage by Reuters at http://www.reuters.com/article/2013/04/16/eu-ets-vote-idUSL5N0D337720130416  ; The Guardian at http://www.guardian.co.uk/environment/2013/apr/17/europe-climate-chief-vow-save-emissions-trading , and the New York Times OpEd  (May 7) , “A Carbon System Worth Saving”, at http://www.nytimes.com/2013/05/07/opinion/europes-carbon-trading-system.html  .

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