Russia and US needed to lower carbon trade costs

December 2004
Utility Week;12/3/2004, Vol. 22 Issue 20, pN.PAG
Trade Publication
Reports on the conclusion by experts that the cost of trading in emissions permits for the gases that cause climate change will increase if the U.S. and Russian governments do not participate and if emissions targets are made tougher, in 2004. Completion of the fourth greenhouse gas and energy trading simulation conducted by the European Union power industry body Eurelectric; Objective of the simulation; Possible outcome of Europe trades alone in committing to a 550 parts per million carbon dioxide equivalent over 2013 to 2022.


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