Planet 2025 News, March 3, 2008
Just two countries have so far met a deadline on Thursday to allocate to their industry permits to emit carbon dioxide, the European Union's executive Commission said, likely delaying a 2008 carbon spot market. The EU's carbon trading scheme is the 27 nation bloc's main strategy to fight climate change, and sets an overall cap on permits to emit the greenhouse gas carbon dioxide (CO2) to energy-intensive industry, but allows companies to trade these EU Allowances (EUAs) among themselves. Read more...
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