A group of environmental NGOs has organised a campaign to scrap the EU’s ETS on the basis that it is too badly flawed to be workable. Since its implementation, emissions have actually increased due to the poor design of international offsetting schemes, and large energy companies have enjoyed massive windfall profits. Members of Feasta and other analysts have identified serious problems with it from the start. Instead, we advocate a Cap-and-Share-type approach which sets an upstream cap on emissions and is designed around the principle that the atmosphere is a commons, belonging to everyone. Read more about the scrap-the-ETS campaign at http://scrap-the-euets.makenoise.org/about/, and about Cap and Share at capandshare.org.
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