Permit level 'set too high'

May 2006
Travel Weekly: The Choice of Travel Professionals;5/19/2006, Issue 1821, p4
Trade Publication
The article presents a survey monitoring the performance of the European Union emissions trading system. The reports has shown that companies had been granted permits to produce carbon dioxide in excess of their current emissions. The scheme is supposed to cut carbon dioxide production, the major cause of global warming, by placing a cap on emissions and providing a financial inducement to the industry to clean up. The European Commission revealed most member states had given their industries too many carbon dioxide credits, leaving 44 million allowances unused, each for a tonne of carbon dioxide.


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