Europe’s controversial trading system to cut carbon emissions is showing faint signs of working, according to analysis of preliminary figures released Wednesday by the European Commission.
Emissions among industries covered by the E.U. system fell between 4 percent and 6 percent during 2008 compared with increases of roughly 1 percent in the two previous years, according to analysts who reviewed the figures.
Most of the decline was from falling industrial and electricity production linked to the economic slump. Even so, the size of the decline compared with the increases in previous years showed that some businesses were becoming marginally cleaner as a result of the system, these analysts said.
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