Guardian: The entire five-year period of the European Union’s emissions trading scheme (ETS) that ends in 2012 is set to deliver carbon savings of less than a third of 1% of total emissions, according to a new report. The analysis by emissions trading campaign group Sandbag predicts that only 32m tonnes of pollution permits will need to be surrendered to meet the cap on greenhouse gas emissions – a tiny fraction of the 1.9bn tonnes of carbon emissions covered by the ETS each year. The …