Green group slams EU carbon-trading system - AFP

[Eugene]

Source: Agence France-Presse

Green group slams EU carbon-trading system

53 minutes ago

LONDON (AFP) - 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.

-snip-

"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 EUs emission reduction targets for 2020
and 2030 and making a mockery of Europes standing as a world
leader in tackling climate change.

-snip-

Read more: http://news.yahoo.com/s/afp/20070612/sc_afp/euclimatewarming_070612232244

[Name removed]

1. Deleted sub-thread

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[fazoolius_2006]

2. Carbon credits are a scam!!

Still not sure why anyone buys this? Is this the best solution that there is to global climate change? If it is, we are all doomed.