EON Says EU Should Create Carbon Target of 50% Cut by 2030 - Bloomberg

EON Says EU Should Create Carbon Target of 50% Cut by 2030 - Bloomberg: "The European Union should adopt a target to cut greenhouse-gas emissions by 50 percent by 2030, rescuing the region’s carbon market, said EON AG. (EOAN)
Without reform, the market will stagnate, Johannes Teyssen, chairman of the utility’s management board, said today in a briefing with reporters in Berlin.
“The emissions-trading system in Europe is a ‘dead man walking’, the system is mortally ill,” Teyssen said today."

The natural result of a really stupid idea.