Indexes emerge

Emissions Trading

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Problems have plagued the European Union emissions trading scheme (EU ETS) since its launch at the start of 2005. A sharp drop in prices in 2006 - the result of an oversupply of carbon credits - shook confidence in the integrity of the market, liquidity has struggled to reach critical mass, and there has been considerable uncertainty about the future make-up of the scheme. At the same time, there has been ongoing concern about any political intervention - either from individual member states or

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