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Europe’s Carbon Emissions Trading — Growing Pains or Wholesale Theft?

NEW YORK — Have criminals found a lucrative niche in carbon markets?

Previously, many bankers and traders said no, insisting that one-off incidents involving theft or cheating in Europe’s Emissions Trading System (ETS) were isolated events attributable mostly to the youth of the market. Advocates of a cap-and-trade approach to tackling climate change said that such growing pains are inevitable, but regulators and legitimate market participants would get better at warding off abuses.

Continue Reading at NYtimes

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