BBC Reports EU’s Carbon Trading Scheme Has Actually Increased CO2 Emissions?

Question

BBC Reports EU’s Carbon Trading Scheme Has Actually Increased CO2 Emissions
On several occasions I have pointed out how much better foreign media are at presenting reports either skeptical of anthropogenic global warming or addressing the failings in government sanctioned solutions.
Last week, the BBC did a report on the European Union’s carbon trading scheme failing so miserably that CO2 emissions in the region have actually increased since the strategy was implemented.
Regardless of the answer, BBC.com presented some of the findings on June 5 (h/t Willis Eschenbach):

Answer 1

No one should be surprised by this story. Carbon credits are the biggest scam the world has even seen.

Answer 2

so do they have a reason that CO2 emissions increased, or just talking out of their lower orifice??