Enel SpA's new hydrogen-fuelled combined cycle power plant is pictured inside the Andrea Palladio Fusina plant in Venice (REUTERS/Alessandro Garofalo).

Opinion

CO2 Emission Permit Prices Plunge In Europe: What's Up?

May 17, 2013, Adele Morris

Adele Morris writes that although many in the press have referred the European cap-and-trade system for greenhouse gases as being in trouble due to the decline in allowance spot prices, the markets are clearing just fine. Morris says whether this represents trouble or not depends on what one thinks the goal of the program should be.

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