Friday, July 25, 2003
new measures to combat climate change globally
...around the world and convert the credits earned into emissions allowances under the European Union emissions trading scheme. "Today's proposal and the emissions trading system just adopted by the Council and the European Parliament are evidence of our strong commitment to cutting greenhouse gas emissions and to the Kyoto Protocol", said Environment Commissioner Margot Wallström. "They will allow emissions to be reduced cost-effectively, and they reinforce the importance of the Kyoto Protocol as the key multilateral instrument for tackling climate change. This initiative will also support the entry onto force of the Kyoto Protocol because it will show to others the benefits that can be gained from its ratification and that reductions of greenhouse gas emissions can be delivered in a cost-effective way."
Source : Read the Ec Press Release
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