Billions for Euro Power Generators from Carbon "Cap and Trade"

19 de may de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>Billions for Euro Power Generators from Carbon "Cap and Trade"</h1><p>May 19 (EIRNS)--European "Power generators will make tens of billions in profit from the second phase of the European Union's emissions trading scheme..." according to the Carbon Trust, which did a government-funded study of the flow of money in the first phase of the carbon-trading scheme, which was part of the Kyoto Protocol. In the first phase, electricity generators profited to the tune of over $1.4 billion, by passing on phantom costs of carbon to consumers in the highly de-regulated industry. They have positioned themselves to do even better in the second phase, aided and abetted by national governments themselves, Financial Times reports today.</p><p>This is the scheme Al Gore and his dupes are promoting for the U.S. under the slogan of "carbon cap and trade."</p></div></body>