Explain how Holcim would have benefited from linking the maximum CO2 emissions permitted per unit of cement to the best technology available (rather than to standard ‘clinker’ production technology)....

Explain how Holcim would have benefited from linking the maximum CO2 emissions permitted per unit of cement to the best technology available (rather than to standard ‘clinker’ production technology). Consider some of the implications of this case study for the use of emissions trading schemes.