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But the trading scheme in carbon emission credits could be doomed to failure, environmentalists have warned.
A report by the World Wildlife Fund published on Wednesday predicted that the ETS will "fail to deliver" significant emissions cuts.
It said that while "the mechanism of carbon trading is sound in principle, the first phase of the EU scheme has been seriously undermined by weak political decisions".
Environmentalists have criticised the trading scheme which only covers 40 per cent of ugg sale clearance size 11
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