The EU’s greenhouse gas emissions trading scheme is unlikely to reduce emissions before 2012 because the high price for oil and gas makes using coal cheaper, according to a study released on Monday (14 February).
The trading scheme, which started at the beginning of the year, allows big polluters to buy "credits" from those who do not pollute as much as allowed, known as carbon credit trading.
Carbon dioxide is the leading contributor to global warming
The study, by policy t...
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