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.
Original Title: Manipulation of the carbon emissions system threatens climate targets
Full Text of the Original Article: https://phys.org/news/2019-07-carbon-emissions-threatens-climate.html