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European Union Emissions Trading Scheme Takes Effect 2005

Nov 19th 2005
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2005: The ETS takes effect.

2005: The world’s only mandatory carbon trading program, the European Union Emissions Trading Scheme (ETS), takes effect. In conjunction with the Kyoto Protocol, the ETS caps the amount of CO2 that can be emitted from large installations, such as power plants and factories, in the EU’s 25 member countries (Wikipedia. 2007).

Reference: Wikipedia. Retrieved 2007June. http://en.wikipedia.org/wiki/Emissions_trading#European_Union

Read the Kyoto Protocol http://unfccc.int/resource/docs/convkp/kpeng.html

Image Description: A stone factory in Tolkamer, The Netherlands. Photo by Gouwenaar, 2007Apr12. http://commons.wikimedia.org/wiki/Image:Steenfabriek%2C_Tolkamer%2C_Netherlands.jpg Image Permission: The copyright holder of this work, hereby releases it into the public domain. This applies worldwide.

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