Gallery: Australia to Join EU Carbon Emission Market (Allowing Companie...

 

Carbon trading markets are controversial since they allows companies to essentially ‘pay to pollute’. However, Australia has just announced that it plans to link its carbon trading scheme with the EU’s, enabling firms to use European permits from mid-2015 to emit carbon dioxide (CO2). Despite opposition to such ‘cap-and-trade’ schemes, the carbon market is viewed by many as a significant step towards cutting greenhouse gas emissions globally.

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