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what does it mean when an important topic is dropped from the official G8 agenda, as happened last week in Northern Ireland when climate change failed to make the cut?
Europe’s reputation as a leader in climate change policy took another beating this month when the European Parliament rejected, by 334 votes to 315, a proposal to reform the EU Emissions Trading System (EU ETS).
The EU’s flagship climate change project, the Emissions Trading System, is in a slow-motion crisis that threatens the EU’s green economy ambitions. Putting a price on carbon works, but it must be the right level to drive an energy transition.