The European Emissions Trading Scheme (ETS) should be expanded on a global scale, according to a landmark UK report on the costs of climate change that also calls on the world to act now or face dire consequences.
"The EU emissions trading scheme is leading the way," said the report's author Sir Nicholas Stern at the launch of the 'Stern review on the economics of climate change' in London on Monday (30 October).
Mr Stern wants to see the emissions trading scheme (ETS) include avi...
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