Yomiuri Shimbun: The European Union’s emissions trading scheme, which is designed to help reduce greenhouse gas emissions within the region, requires a major overhaul, observers say. It has been learned that some companies in the region have been allocated higher emissions quotas than they need, resulting in a massive amount of extra emissions quotas. The Economy, Trade and Industry Ministry and the Japan Business Federation (Nippon Keidanren) have pointed out problems with the system, such …