The animosity between the UK government and industry over the Climate Change Levy has been one of the defining features of this Parliament. It is remarkable, then, that on emissions trading-another plank of government strategy to contain greenhouse gas emissions-there has been an outbreak of unprecedented co-operation. Last month, as part of its spending review, the government announced £30m in incentives to companies to sign up to a scheme that will put a price on atmospheric pollution and so encourage companies to reduce their emissions.
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