European investors call for carbon trading revamp
22 May 2009

As fresh details emerge confirming that US legislators plan to water down proposed cap-and-trade legislation, a group of European investors have called on world leaders to move in the opposite direction and undertake urgent reforms designed to tighten up emerging carbon markets.
The Institutional Investors Group on Climate Change (IIGCC), which represents assets totalling about 4 trillion euros, released a report this week warning that the EU must move to deliver a stronger price signal through its emissions trading scheme if it is to prove effective at curbing greenhouse gas emissions and promoting investment in clean technologies.
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