First GHG emissions market set to start trading in 2004

July 2003
Modern Power Systems;Jul2003, Vol. 23 Issue 7, p9
Reports on the legislation formally endorsed by the European Union (EU) parliament that will put a cap on greenhouse gas emissions and create the international emissions allowances trading market in Europe. Efforts of EU to meet its Kyoto climate change commitments; Need for special permits to emit carbon dioxide; Expectation that the scheme is expected to reduce the cost of Kyoto compliance.


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