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How Europe went from champion of carbon cuts to top importer of US coal

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The Washington Post published an informative piece Monday about the European Union’s travails in trying to adopt a carbon-emission rationing system. To briefly sum up, the EU adopted a massive cap-and-trade program intended to limit emissions by making allowances to emit carbon, a commodity that could be bought or sold. The idea was this would give the owners of big factories and power plants...

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