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GLOVES OFF

Worldwide political forces are gaining momentum in their efforts to dismantle Europe’s emissions proposal.

No issue in recent decades has so galvanized states of differing views and agendas as the European Union’s Emissions Trading Scheme (EU ETS). The heavyweights of international geopolitics—China, Russia, US and India lead virtually every state—except the EU states—in almost unanimous condemnation of the ETS and the stakes are getting higher with presidents and prime ministers of the world’s most powerful nations increasingly applying diplomatic ...

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