The Daily Caller

The Daily Caller

Cap and take

Photo of
Terry Anderson & Gary Libecap
Hoover Institution

The debate over global warming is alive and well, but the European Trading Scheme (ETS), Europe's carbon market, has been declared “dead.” With the price of European carbon allowances plummeting, Johannes Teyssen, CEO of Germany’s E.ON, says, “I don’t know a single person in the world that would invest a dime based on ETS signals.”