GERMANY EMISSIONS TRADING
April 1st, 2004
KEITH NUTHALLGERMANY has moved away from an aggressive approach towards cutting industrial greenhouse gas pollution, watering down planned commitments within a national allocation plan under the European Union's (EU) emission trading scheme. Brokered by German Chancellor Gerhard Schröder, the new agreement earmarks 503 million tonnes of carbon dioxide credits annually to its industry (including power generators) between 2005 and 2007, a minor reduction (0.4 per cent) to current emissions (505 million tonnes). Although, from 2008-2012 German industry will have ...
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