VOL. XLV
No 15
15-April-2002
ENVIRONMENT
UK Opens WorldsFirst Emissions Trading Scheme
TheUK has become the worlds first country to establish anEmissions Trading Scheme, which opened in London on 2 April. The scheme will enable companies to sell theirexcess emission allowances or to purchase allowances if they exceed theirtarget levels of greenhouse gas emissions. A company can gain allowances if itproduces fewer emissions or invests in renewable energy. These allowances canbe sold to those...
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