EC Calls For World CO2 Trading Market

Feb 4 2009 | 9:44am 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: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of