Cap and trade is an ingenious scheme to reduce CO2 on a global level at the lowest price. That is smart and immeasurably better than taxes directly to the Treasury coffer, and nothing wrong with incentivising markets to get involved in reducing pollution, actualy a brilliant concept and it DOES work well contrary to all you sheeple reading / listening to UK "madia" (mis-spelling intentional).
Unfortunately where there is money there are criminals. Whether carouselling the ETS or cigarettes or booze or whatever, makes no difference and is nothing to do with the product but the lack of joined up thinking by unelected EU officials. Almost serves them bloody right - not condoning it, but just a perverse bit of schadenfreude.
Where's the green CO2 icon? Will use this one instead.