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View Full Version : Europe may be alone on Carbon Trading


Chuck
09-28-2009, 02:36 PM
http://www.cleanmpg.com/photos/data/2/European_Union_Flag.jpg Even as European nations deepen their reliance on carbon trading, governments elsewhere still are struggling to put such systems in place. (http://www.nytimes.com/2009/09/28/business/energy-environment/28green.html?_r=1&scp=1&sq=green,%20inc&st=cse)

http://www.cleanmpg.com/photos/data/501/co2.jpgJames Kantor - NYTIMES (http://www.nytimes.com) - Sept 27, 2009

The basic question: Does Carbon Trading reflect reality? --Ed.

Carbon trading put the European Union in the environmental vanguard.

Since 2005, the trade bloc has operated the world’s only continentwide system that puts a cap on greenhouse gas emissions and that requires major polluters to hold tradable allowances.

But the system has also been the most “costly climate policy program in the world,” according to Jürgen R. Thumann, the president of BusinessEurope, a powerful confederation of industry and employer groups....http://www.nytimes.com/2009/09/28/business/energy-environment/28green.html?_r=1&scp=1&sq=green,%20inc&st=cse



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