EU reveals phase three ETS details

March 2008
TCE: The Chemical Engineer;Mar2008, Issue 801, p4
Academic Journal
The article reports that the European Commission (EC) has provided additional information on phase three of the European Union (EU) emission trading scheme (ETS). Detailed changes pertain to the EU-wide caps and the inclusion of more sectors and gases. It is said that the EU ETS is a cap-and-trade system at the center of the EU's goals to reduce greenhouse gas emissions by 20% in 2020, as compared to the levels in 1990. According to the article, phase one failed as verified emission data came in late. However, EU thinks phase two will succeed.


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