Six months down the line, there appears to be no EU consensus on a trading protocol

Wicox, Jeremy
June 2005
Power Economics;6/15/2005, Vol. 9 Issue 12, p6
The article discusses the lack of an emission trading protocol among the twenty-five member states of the European Union (EU). It is now almost six months since the inauguration of the world's first emission trading scheme yet there is still not full participation among all the twenty-five member states. The EU has placed emission trading at the centre of its emission reduction policy and believes its trading scheme can become a model for other geographic regions. But in the current scenario, it could be said that what the EU exercise illustrates is the wide gulf between trading theory and practice.


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