Subscribe free to our newsletters via your
  Energy News  

Subscribe free to our newsletters via your

Green Group Slams EU Carbon-Trading System

by Staff Writers
London (AFP) Jun 12, 2007
Businesses in the European Union will not be forced to reduce their carbon emissions by as much as previously thought because of "short-sighted" plans for the EU's carbon trading system, environmental group WWF said on Wednesday. The group criticised the second phase of the EU's Emissions Trading Scheme (ETS), designed to reduce the EU's greenhouse gas emissions, for allowing companies to "buy massive amounts of credits from projects outside the EU," under a system set up by the Kyoto Protocol.

In its report titled "Emission Impossible", the WWF argues that "this reliance on cheap imported credits means that European industry may not have to reduce its own emissions at all" during the second phase of the carbon-trading mechanism, which is set to run from 2008 to 2012.

Under the ETS, companies are issued carbon credits which effectively set a cap on how much they are allowed to pollute. Companies may then either reduce their own emissions and sell any extra credits to other, bigger polluters, or purchase extra credits, thereby raising their cap.

The first phase, which has been running since 2005, was widely criticised because it has been argued that governments handed out too many carbon credits, allowing industry to pollute more freely than it should have been allowed to.

The WWF report studied nine EU member states -- Britain, Germany, Poland, Ireland, France, Spain, the Netherlands, Portugal and Italy -- and estimated that during the second phase of the ETS, between 88 and 100 percent of those countries' carbon emissions could be effectively offset by purchasing additional credits from outside the EU.

"The European Commission's decision to allow companies to buy huge volumes of project credits means that heavy industry -- including the power sector -- could potentially buy its way out of cutting its own emissions," said Dr. Keith Allot, the head of WWF-UK's Climate Change Programme.

"There is a real danger that this will lock the EU in to high carbon investments and soaring emissions for many years to come -- wrecking the EU's emission reduction targets for 2020 and 2030 and making a mockery of Europe's standing as a world leader in tackling climate change.

"If the ETS is to fulfil its potential, we must ensure it leads to real carbon emission reductions within Europe."

Source: Agence France-Presse

Email This Article

Related Links
EU's Emissions Trading Scheme (ETS)
Powering The World in the 21st Century at

Prairie Cordgrass For Cellulosic Ethanol Production
Brookings SD (SPX) Jun 13, 2007
South Dakota State University researchers have won a major federal grant to help them map the genes of prairie cordgrass, a native grass that could be used to make cellulosic ethanol. Assistant professor Jose Gonzalez in SDSU's Department of Plant Science leads a team that has received $420,000 to study prairie cordgrass over a two-year period starting Aug. 1.

  • Prairie Cordgrass For Cellulosic Ethanol Production
  • National RPS Energy Rules Key To Fixing Flaws Arising From A Jumble Of State Policies
  • Green Group Slams EU Carbon-Trading System
  • Tech Titans Campaign For Energy-Efficient Computers

  • Thousands Of Protestors Rally Against Indonesian Nuclear Plant
  • Thailand To Build First Nuclear Plant
  • Wyle And ARES Corporation Sign Teaming Agreement To Pursue Nuclear Energy Industry Business
  • NGO Warns Of Explosion Risk At Russian Nuclear Storage

  • AIRS Global Map Of Carbon Dioxide From Space
  • Widespread Twilight Zone Detected Around Clouds
  • Rand Says Further Study Warranted On Save The World Air Technology
  • Noxious Lightning

  • Woods Hole Research Center Scientists Study Impacts Of Industrial Logging In Central Africa
  • Zimbabwe Forests Under Threat While Cambodia Censors Logging Report
  • Uganda Shelves Plan To Convert Rainforest
  • Indonesia's Crackdown On Illegal Logging Under Fire

  • A Crop Containment Strategy For GM Farms
  • Study Predicts Grim Future For European Seas
  • Compost Reduces P Factor In Broccoli, Eggplant, Cabbage Trial
  • Wild Relatives Sweeten Breeding Program

  • Honda To Produce Green Diesel Cars
  • Toyota Develops More Fuel-Efficient Engine System
  • GM Wants To Drive Green But Easy On The Rules
  • PSEG To Replace 1300 Vehicles with Hybrids To Help Curb Carbon Emissions In New Jersey

  • Airlines Pledge Emissions Cuts But Warn EU Curbs Could Jeopardise Sector
  • Sandia And Boeing Collaborate To Develop Aircraft Fuel Cell Applications
  • Australia Fears Jet Flight Guilt Could Hit Tourism
  • Nondestructive Testing Keeps Bagram Aircraft Flying

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement