Markets in the making

Seen in the light of short-term history for wind power, the European Commission's resolve to wait five years before giving renewables a boost onto the platform of the EU's Internal Energy Market will probably make it irrelevant for wind. Market economics in the form of emissions credit trading, "merchant" wind projects and premium green pricing are springing forth. But that is not to say that the huge effort that went into the directive debate has been wasted.

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