E U 's Carbon Trade Set To Fail

Tackling the climate change is set to fail again because the EU's carbon trading scheme, which was launched in 2005 is having limited success, partly due to tax limits. Also worried is the wild life charity. Failure to cut carbon dioxide levels could cause irreversibly damaging climate change, according to fearful scientists. It sounded good at first, but the first phase, which covered 40% of the EU's emmissions has fallen short.