Alex Meredith

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When cap-and-trade was introduced as the primary policy tool to drive emission reductions in Europe in 2005, it marked something of a policy revolution. From the ancien regime of command-and-control regulation here was something that represented a brave new world of efficient and flexible controls on pollution. ¬†Old rules which had been watered-down, manipulated and evaded by vested interests would be guillotined by the unwavering blade of the EU Commission’s cap. The… Read More