We'll never heal the planet

Big polluting industries have been given almost €100bn (£86bn) in free carbon permits by the EU in the last nine years, according to an analysis by the WWF.

  Guardian

Rather defeats the purpose.

Free pollution permits worth €98.5bn were given to energy-intensive sectors including steel, cement, chemicals and aviation from 2013-21.

[...]

Furthermore, the WWF said, the free permits did not come with climate conditions attached, such as increasing energy efficiency and some polluters were also able to make billions in windfall profits by selling the permits they did not use.

[...]

The analysis also found that at least a third of the revenue raised from the [emissions trading scheme] was not spent on climate action, rising to almost half if projects to increase the efficiency of burning fossil fuels were excluded.

[...]

The free allowances were originally justified to tackle the potential risk that industrial companies might move production outside the EU to avoid carbon taxes, but the WWF said there had been no evidence for this.

[...]

Potential dates for the end of free allowances range from 2032 to 2036.

Seriously?

Something tells me this is not happening in only the EU.

...but hey, do what you want...you will anyway.