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EU Chief Defends Euro Bloc Emissions Trading Scheme
Berlin (AFP) Nov 15, 2006 European Commission President Jose Manuel Barroso on Wednesday defended the European Union's innovative emissions trading scheme which has been criticised by economists and the World Wildlife Fund. The scheme "had shown how cost-effective solutions to reduce greenhouse gases can be found, which oblige companies to find their own ways to reduce emissions", Barroso wrote in the German daily Berliner Zeitung. "It is the cornerstone of a growing international trade in carbon dioxide and it is not surprising that many big US companies are demanding a similar system for the United States." The scheme is supposed to be the main thrust of EU efforts to cut greenhouse gas emissions under the Kyoto Protocol, but the WWF warned last week that the credibility of the fledgling initiative is under threat because member states are allotting more permits to pollute than industrial plants need. More quotas were issued than polluters could use in 2005 and the European Commission has found that most of the EU member states that have already filed their allocation plans for the 2008-2012 period have once again handed out too many emissions permits.
Source: Agence France-Presse Community Email This Article Comment On This Article Related Links Our Polluted World and Cleaning It Up The Economy Global Trade News
Russia And America May Sign Off On WTO Deal Next Weekend
Moscow (RIA Novosti) Nov 14, 2006A bilateral agreement with the U.S. on Russia's accession to the World Trade Organization (WTO) could be signed by the two countries' leaders at an Asia-Pacific summit in Vietnam November 18-19, Russia's economics minister said Monday. German Gref told President Vladimir Putin: "We have completed talks with the U.S. on all the main issues. We just have to resolve some technical issues and prepare the documents for signing." |
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