EU Items on a slow Saturday
EU ETS
A few things to get you through til Monday. Looks like only EU making the news today:
- My trillion dollar question – will US learn from EU’s mistakes? | Businessweek: World Watches EU’s Carbon Trading Scheme
Despite its failures to date, however, other areas of the world are looking to the ETS as a model of how to achieve carbon reductions at the lowest cost.
But EU officials insisted that emissions would have been higher if Europe did not make power stations and steel plants trade carbon permits that load excessive polluters with extra costs.
- Airlines not happy (are they ever?) | British Airways warns carbon trading will cripple Europe’s airlines
Willie Walsh, BA chief executive, said the airline’s long-time support for an EU emissions trading regime was being “severely tested” by amendments that would more than double the costs to member states’ carriers.