European leaders understand this corruption cannot be sustained any longer.
Parliament Rejects Plan To Save Emissions Market
The European Union's flagship program to fight global warming—a regional carbon-emissions trading system—suffered a major blow Tuesday when legislators rejected a proposal aimed at saving the market from collapse.
After the European Parliament's rejection, spooked investors drove the already depressed price of carbon emission permits down by nearly half.
The legislature derailed a plan to revive prices by postponing the issuance of any new permits for five to seven years.
— Sean Carney
Long past time for American to end our ethanol corruption and delusions. Artificially/corrupt energy prices in Europe DID NOT help their economy and in fact we now know it was a primary cause for their slow motion implosion.