EC Calls For World CO2 Trading Market

Feb 4 2009 | 8:44am ET

The European Commission (EC) is calling for a global carbon trading market to help tackle climate change.

The commission says it want to link its Emissions Trading Scheme (ETS) to other carbon trading systems by 2015, and to include emerging economies by 2020.

The proposal will be discussed at a UN climate conference scheduled for Copenhagen in December. The commission sees the trading system as a successor to the 1997 Kyoto Protocol, which was not ratified by the world’s biggest per-capita polluter, the United States.

The EU’s ETS system for trading CO2 allowances, launched in 2005, covers heavy industry and large power plants and will gradually be expanded to cover more sectors.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note