Carbon emissions trading is not working, claim economists; instead a tax based on carbon content in primary fuels is needed
Only a carbon tax will fight climate change; not setting targets for the use of alternative energy sources, British economists have claimed.
Biofuels targets are formed through state support for what is an environmentally and harmful activity, the London-based firm Europe Economics has said.
And the EU's carbon emissions trading scheme is not working because free permits have provided 'covert industrial subsidies' to favoured industries, the FT reported.
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