Europe's USD 38 billion carbon market is finally doing its job
European policy makers have made it clear that they will phase out coal within the next decade, and major polluters are now finally getting their act together and turning to renewables as regulations tighten their grip on the industry.
by Jeremy Hodges, Ewa Krukowska and Mathew Carr, Bloomberg
Europe's USD 38 billion a year carbon market is finally starting to work the way it was intended, reining in pollution with a minimum of squealing from industry.
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