First emissions trading plans approved
July 9, 2004
Plans within the European Union (EU) to reduce carbon dioxide (CO2) pollution through "emissions trading" have advanced.
The EU executive announced on Wednesday that it had given the go-ahead to eight national trading proposals, which involve sharing emissions quotas amongst factories and other energy-intensive organisations.
The move is a step towards meeting the Kyoto protocol on global warming, covering an estimated 5,000 of the 12,000 plants within the 25-member bloc. The factories include coal- and oil-fired power plants and heavy industries like cement and glass manufacturers.
Business Europe has further information.
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