Manipulation of European Union Emissions Trading system (EU ETS) by the buy, bank, burn program compensates unregulated emissions while regulated sectors carry a large part of the burden. This distorts the balance between regulated firms and non-regulated projects, so parties outside the EU ETS can be virtuous at the cost of others. Environmental economists Reyer Gerlagh and Roweno Heijmans of the Tilburg School of Economics & Management discovered a leak in the system.
Click here for original story, Manipulation of the carbon emissions system threatens climate targets
Source: Phys.org