GOVERNMENT FAILING TO MEET TARGETS IN A 'SPECTACULAR FASHION'
An EU scheme to cut greenhouse gases undermined incentives for countries to pollute less, a report revealed today. The survey of the Union's emissions trading scheme (ETS) revealed major shortcomings in the initiative. Under the scheme, power stations, refineries and heavy industry across Europe were given a limit on how much CO2 they could emit. However, figures show that countries across Europe were given too many pollution allowances or permits by their governments, reducing incentives to cut pollution.
15 May 2006
