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EU ETS 2.0: the cost of carbon is going up

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Watch: EU ETS 2.0: the cost of carbon is going up

Europe's Emissions Trading Scheme is about to get a major reboot. Carbon prices are expected to rise, with significant implications for the power industry and other carbon-intensive industrial sectors. But will the new revamped system really work? S&P Global Platts senior carbon market analyst Frank Watson and Energy Economist managing editor Ross McCracken take a look at the ETS 2.0 to see if this time round, it really will deliver.