UK auditors praise emissions trading scheme

An upbeat review of the UK's carbon emissions trading scheme was released last Wednesday by the National audit office. The scheme is described in the report as a "pioneering initiative" that contributed to reducing greenhouse gas emissions and "benefited the UK economy". The incentives paid to companies to reduce emissions attracted some criticism for not always obtaining the best possible value and leading some firms to benefit "unduly and unexpectedly". More effort should have been put into making the scheme compatible with its EU-wide equivalent, the auditor office also said. See report details.

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