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EU Stakeholders Divided over Reforming the EU Emissions Trading System

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The European Union Emissions Trading System (EU ETS) is currently the world’s largest market-based policy for reducing greenhouse gas emissions. Operating since 2005, the EU ETS sets a steadily-decreasing cap on the greenhouse gases that installations can emit in 31 countries.[1] “Emission allowances”, tradable permits to emit one ton of greenhouse gases[2], are allocated for […]

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