EU carbon link just more hot air

(Before It's News)

Greg Combet. Energy prices go up, permit prices go down. Way down. (Photo credit: Wikipedia)

ANY business that buys cheap European emissions permits now may find them worthless by the end of the year. Linking emissions trading schemes isn’t as easy as the Gillard government makes it out to be.

On Tuesday, Climate Change Minister Greg Combet announced that the government was scrapping the floor price for carbon permits in a post-2015 emissions trading scheme.

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