CARBON EMISSIONS CAN BE A HEADACHE AND AN OPPORTUNITY FOR UTILITIES
October 1st, 2012
BY MARK ROWE
WHEN the European Union (EU) set up the world's first carbon trading market in 2001, the Emissions Trading System (ETS), advocates heralded a new dawn: carbon pollution could be brought under control in a way that benefited the environment while not damaging industrial interests.
The majority of energy utilities in the UK and within the EU take part in ETS on a mandatory basis. Meanwhile the United Nations created the voluntary Clean Development Mechanism (CDM), that lets developed nations, or companies in them, offset their own carbon emissions by ...
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