These permits are issued as part of the EU's Emissions Trading Scheme, which puts a price on carbon that businesses use and creates a market for carbon. In a letter to the prime minister, WWF-UK, Energy Research Partnership and the CBI say there is a "tremendous opportunity" for the government to demonstrate its commitment to tackling climate change by channelling money from permits to helping the environment.
They argue a "substantial" amount of money is needed to pay for an investment programme in green technologies to ensure the
Gravesend on the Thames, berthing of a Postream Panamax coal carrier. Photo by Clem Rutter of Rochester, Kent. Found on Wikimedia Commons, under the terms of the GNU Free Documentation license, Version 1.2