Wasted Energy?

(Fox News) - Germany is a recognized global leader in renewable energy. But Spiegel Online reports that despite this, carbon dioxide emissions have not been reduced at all because of the European Union’s Emission Trading System.

Basically, it allows companies that do not use all their CO2 allotment to sell the credits to other companies which can then belch out more pollution.

Even the Green Party has recognized that there's a problem. And one employee with the German Renewable Energy Federation acknowledges what he calls "a certain degree of inconsistency" between the promotion of renewable energy — and emissions trading.