Europe Find Ways to Stop Windfall Profits from CarbonMark Scott
A main criticism about carbon trading is that companies profit while customers pay higher fuel bills. The idea goes that utilities, who often receive their CO2 allowances for free, pass on (sometimes imaginary) costs to their clients, who are forced to pay for carbon emissions credits despite countries dolling them out free of charge. In Europe, that has led to billion-dollar windfall profits for some of the continent’s largest energy companies.
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