The European price for emitting a tonne of carbon dioxide has dropped by around 25 percent in the past month, a development that suggests the EU's flagship climate tool still has a very limited influence on moving industry away from fossil fuels.
The price of the European carbon credits under the EU's Emissions Trading System (ETS) dropped from around €8 to slightly below €6 on Monday (25 January). It has fluctuated around €6 since then.
The ETS requires industrial companies to ha...
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