The non-profit Climate Group recently hailed the European Union's carbon market, known as the Emissions Trading Scheme, for having "achieved many bold results." Launched in 2005, the ETS aimed to reduce member states' carbon dioxide emissions by putting a price on them. Under the United Nations' Kyoto Protocol, the European Union agreed that by 2012, it would cut its greenhouse gas (GHG) emissions by 8 percent below the levels emitted in 1990. In 2012, the E.U. announced that it had reached that goal. But was the ETS chiefly responsible for the GHG reductions? Reason Science Correspondent Ronald Bailey parses a new study that finds that the answer is a definite, no.
President Donald Trump and Gov. Scott Walker promised thousands of jobs in return for billions of dollars in subsidies from the state. More than two years later, there's little to show for it.
"Who in their right mind could do that?"
When a coronavirus vaccine is ready, it will be distributed through normal civilian supply chains to your doctor's office and local pharmacy.
Trump’s lawyer was caught on camera in a hotel room...tucking in his shirt.
Joe Biden's Economic Policies Would Cost the Economy 4.9 Million Jobs by 2030, According to a New Study
The Democratic presidential candidate has promised not to raise taxes on middle-income earners. That's not the full story.