Prague feels the heat over €1.9bn carbon credit application

A Czech bid for almost €2 billion of free allowances under the EU’s Emissions Trading System (ETS) – equal to almost half Prague’s 2012 budget deficit – has drawn heavy fire from Brussels and European environmentalists, who say it will do little to combat CO2 emissions.

ESO: Background Information: EU proposes sweeping climate change fight / EU outlines ambitious emissions goals http://www.europeansources.info/record/eu-proposes-sweeping-climate-change-fight-eu-outlines-ambitious-emissions-goals/

---