LONDON (Reuters) - The European Union's leadership in the fight against climate change, already under fire at U.N. talks in Qatar, suffered a further setback on Friday as the carbon market it created to help spur a switch to greener energy tumbled to a record low.
The $148 billion EU Emissions Trading Scheme is core to Europe's efforts to prompt utilities and industry to go green but carbon prices are currently far too low to provide that incentive.