Study suggests neither cap-and-trade nor carbon tax have made significant impact on reducing GHG emissions
Green Car Congress
JULY 1, 2012
The European Union implemented a cap and trade scheme in 2005 for reducing carbon emissions; Scandinavian nations (including the non-EU state of. Norway) had independently imposed a carbon tax in the 1990s as part of their effort to reduce carbon emissions. US researchers have tracked the carbon disclosures from both regions of Europe and found that neither the EU’s carbon allocation scheme nor Scandinavia’s carbon taxes have made a significant impact on reducing greenhouse gas emissions.
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