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What's Happening from Environmental Building News
February 1, 2005
EU Begins Trading Carbon
The member nations of the European Union (EU) have begun trading the right to emit carbon dioxide (CO 2), a global-warming gas and the chief culprit in climate change. The Emissions Trading Directive, begun in a pilot phase on January 1, 2005, was planned as a keystone in the EU’s bid to comply with the Kyoto Protocol. Industry critics complain that the plan will curb Europe’s competitiveness on the world stage; meanwhile, key environmental organizations claim that industry lobbying has undermined the trading scheme....
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