Climate Home: Carbon markets are supposed to make polluters pay, encouraging investment in carbon-cutting kit.
Yet a provision in the EU`s flagship emissions trading scheme mean it is doing the opposite, Carbon Market Watch warned in a report on Tuesday: subsidising coal.
Poland, Romania and Czechia are the biggest beneficiaries of free permits worth an estimated EUR12 billion over 2013-19, analysts found.
The handout was supposed to support "modernisation" of the power sector in poorer EU states. In...