Wake-Up Call A Disastrous Week for Carbon Trading

The European cap-and-trade system has slid into near meaninglessness as Germany bickers on the sidelines. Hopes that the election in Lower Saxony might resolve the high-level bickering were misguided. Now Europe's carbon market has hit a new low.
Von Joel Stonington
German Economics Minister Philipp Rösler and Environment Minister Peter Almaier are at loggerheads over a proposal to rescue Europe's cap-and-trade system.

German Economics Minister Philipp Rösler and Environment Minister Peter Almaier are at loggerheads over a proposal to rescue Europe's cap-and-trade system.

Wolfgang Kumm/ picture alliance / dpa