EUROPE’S EMISSION TRADING SCHEME HITS CHOPPY WATERS – BUT OTHER NATIONAL SCHEMES SHOW MORE PROMISE
April 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. ETS would impose a market price on carbon, forcing huge industrial polluters to factor in emissions into their business plans.
Carbon markets were central to the Kyoto Protocol and produced distinct EU and UN carbon-trading systems that have subsequently triggered a flurry ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.