From the beginning of 2012, the EU’s Emission Trading scheme will compel airlines flying to or from Europe to buy permits for 15% of their emissions. [...]
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Over two years ago, with Rudd’s CPRS (Carbon Trading) looming, I had dinner with a top banking executive, wearing one of our Climate Sceptic polo shirts. After a while, when he didn’t mention my polo shirt, I asked about carbon trading. Will it cause a bubble? ‘Yes” Will it burst? “Yes” [...] |
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