Entangled Alliances

photo credit: Compound Eye

Amid an awful lot of recessionary gloom, Europe may have taken a small but significant step forward with a new report out by the New Carbon Finance group, which shows that the EU’s ETS (Emission Trading Scheme) may actually be working. I don’t know how authoritative this report is, and the difficulties of tracking carbon  emissions across Europe force us to take each report with a grain of salt.  Indeed, I would hesitate to call this authoritative until further reports can confirm.  However, if it is true, this could well be a turning point in the struggle against Climate Change.

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