The European emissions trading scheme, which will affect large European manufacturers from next January, is already starting to bite.

欧洲油气交易方案将于明年一月生效，届时会影响到大量欧洲大生产商，其影响现在就已经开始了。

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Current carbon pricing schemes, such as the European emissions trading scheme, are a good start, but they leave out too many sectors, and permits are too cheap.

目前的碳定价机制(例如欧洲的碳排放交易机制)是一个良好的开端，但它们遗漏了太多的行业，而且排放许可的价格过低。

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High gas costs and very low auction prices for carbon emissions within the European emissions Trading Scheme meant that generators chose to use dirty coal rather than gas.

较高的天然气价格和如今欧洲排放交易体系上极低的碳排放量拍卖价格意味着高污染的煤炭更加受到发电厂商的欢迎。

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Instead, ministers want to push for the inclusion of aviation in the second round of the European Emissions Trading Scheme, which starts in 2008.

ECONOMIST: Airports

Under the European emissions-trading scheme carbon does have a price in Britain, but it is too low to be effective and is hard to increase.

ECONOMIST: Energy markets

The carbon price, set by the European Emissions-Trading Scheme (ETS), is too low to make a lot of difference not just because economies have been in recession but also because governments have resisted the European Commission's attempts to impose tighter emissions limits.

ECONOMIST: Lessons from Britain about how to cut carbon, and how not to