What’s the Long-Term Impact of EU’s Carbon Market Crisis?

Published 1 August, 2012 | By Gianna

The European Union’s new plan to shore up its Emissions Trading Scheme (ETS) following a plunge in carbon prices underscores just how volatile-and vulnerable- the carbon emissions trading market has become.

Battered by global economic uncertainty, an overuse of allowances and political polarization, the ETS will probably remain in limbo until at least September. That’s when the EU’s climate change commission next meets.