"The European Union's carbon permit trading scheme is not even a market, much less a successful one. The UK's solution to their emissions pledges is to place the responsibility on utility companies to get ever higher percentages of their energy from 'clean' sources, passing the costs through to customers in the form of higher bills. Here in the U.S., it seems as if we will learn both bad lessons and incorporate them both in some kind of hybrid non-solution."
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