UBS Bank says Europe's carbon trading program is a $287 billion 'waste' that's had 'almost zero impact' on cutting CO2, given windfall profits to corporations paid by 'electricity customers'

11/23/11, "Europe's $287 billion carbon 'waste': UBS report," The Australian, by Sid Maher

"SWISS banking giant UBS says the European Union's emissions trading scheme has cost the continent's consumers $287 billion for "almost zero impact" on cutting carbon emissions."...EU CO2 trading provided "windfall profits" to participants paid for by "electricity customers.""




.