Carbon market rewards generators and punishes public - WWF
Environmental campaign group WWF has denounced the latest round of the EU's Emissions Trading System, saying its heart is in the right place but 'design faults' mean it rewards those burning the most coal. The scheme, designed to cut the continent's carbon emissions, will perversely provide a windfall for the biggest emitters, says the WWF. The conservation charity asked carbon market analysts Point Carbon to estimate the windfall profits in five European countries - the UK, Germany, Spain, Italy and Poland - over the current five year phase of the scheme.