The introduction of a carbon tax would help the UK meet its greenhouse gas target, but make no difference to emissions of greenhouse gases across Europe, according to research by the Grantham Research Institute on Climate Change and the Environment and the London School of Economics and Political Science. The research claims that a Europe-wide cap on emissions under the EU Emissions Trading Scheme means that the rest of Europe will continue to emit up to this capped level whatever policy instruments are introduced at a national level.
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