The emissions trading system became a global blueprint for pricing carbon and cutting CO2. Now industry groups are pushing back against tougher climate rules. How effective is the scheme and where does it fall short?

Political fault lines emerge as the European Commission finalises a proposal to overhaul the Emissions Trading System (ETS)

The emissions trading system became a global blueprint for pricing carbon and cutting CO2. Now industry groups are pushing back against tougher climate rules. How effective is the…