The EU's carbon trading scheme may fail to achieve its goal of cutting greenhouse gasses from Europe's heavy industry unless the European Commission clamps down on the member states' weak allocation plans, environment group WWF has warned.
The EU's carbon emissions trade market (ETS) was set up in early 2005, providing a place where permits to pollute one tonne of carbon dioxide can be bought and sold between Europe's main polluting industries such as the energy sector.
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