Carbon credit crunch

Ladbrook, Barry
January 2008
Utility Week;1/25/2008, Vol. 28 Issue 13, p16
Trade Publication
The article focuses on the Phase II of the European Union's Emissions Trading Scheme (ETS) which started on January 1, 2008. Phase I of the scheme provided an opportunity to learn what emissions trading was all about and to put processes in place for monitoring and reporting. In Phase II the focus is on reducing carbon dioxide emissions over the longer term. The cap has been tightened and the coverage of the scheme extended, and targets are now being discussed up to 2050.


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