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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...