Afer a year racked with fraud and slow progress on climate change at international level, is the EU losing faith in its flagship policy the EU Emissions Trading Scheme (ETS)? In the week that UN climate change negotiations are going on in Bonn, Germany, and the EU keeps pushing for other countries to set up markets to cut emissions, EDCM editor Isabel Save discusses the increasing policy fragementation, and how this has impacted on the EU ETS, carbon prices and emissions trading.