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There's a massive bubble in the price of carbon – and yet it won't bring down emissions any faster

Written by Steffen Böhm, Professor in Organisation & Sustainability, University of Exeter

Too many industries have been exempted from carbon rules. Coatesy

Carbon trading was supposed to encourage companies to reduce their emissions. Yet for many years, the carbon price was trading well below €20 (£17) per tonne on the EU Emissions Trading System (ETS), which is by far the most established market for trading carbon in the...

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