EU RELEASES COMPREHENSIVE ANTI-GLOBAL WARMING AND EMISSIONS TRADING PROPOSALS
January 1st, 2008
BY KEITH NUTHALL
A COMPREHENSIVE raft of new legislation designed to force the European Union (EU) into further reducing its greenhouse gas emissions has been tabled by the European Commission. It would force the power industry - which accounts for a majority of CO2 emissions - to purchase saleable emissions trading permits by auction from 2013, not given them, as at present. Demands on other industries participating in the EU emissions trading regime to buy auctioned permits would be phased in.
And although the Commission decided not to include the transport ...
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