Europe's Flawed Carbon-Trading System A CO2 tax would be a more effective way to reduce emissions

Wall Street Journal: Emile Chappin, Gerard Dijkema and Laurend de Vries:

The European Union likes to present its greenhouse-gas Emission Trading System as a pioneering success story. But our research at Delft University tells a different story—that the system is simply not producing the timely, significant reduction of CO2 emissions originally envisaged. A tax on CO2 emissions would be a far more beneficial alternative, not only for companies, but for consumers and for our climate as well.

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