Emissions trading: Cheap and dirty - FT.com
Johannes Teyssen, chief executive of Eon, the German energy group that is one of Europe’s largest, stunned an audience in Brussels last week when he pronounced the market broken. “Let’s talk real,” he said. “The ETS is bust, it’s dead.”...
“I don’t know a single person in the world that would invest a dime based on ETS signals,” Mr Teyssen declared. [Hat tip: C. Savage]
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