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.
Published February 1, 2005
Boehland, J. (2005, February 1). EU Begins Trading Carbon. Retrieved from https://www.buildinggreen.com/news-analysis/eu-begins-trading-carbon