EU ETS Under Attack From Australian Lawmakers

The EU emissions trading system (ETS) is facing a fresh challenge, this time from Australia­—an unexpected move by a country that also considers cap-and-trade systems a viable option to mitigate carbon dioxide emissions. Australia was not involved in a meeting last year in Delhi and this year in Moscow that resulted in declarations of opposition to the ETS, but was one of 17 countries that met earlier this month in Washington to discuss ETS. Unlike the Delhi and Moscow meetings, the Washington meeting was convened to find a consensus approach to ETS rather than merely a statement of opposition ...