15 May 2006

Questions on EU carbon trading

Looks like teething troubles, at least it's to be hoped that's all it is.
figures from today's assessment showed that countries across Europe were given too many pollution allowances or permits by their governments, reducing incentives to cut pollution. Only six countries - Britain, Ireland, Spain, Slovenia, Italy and Austria - issued permits reducing rather than increasing the limit on annual average greenhouse gas output compared with real output last year. Germany emerged as the worst performer. "While the system appears to be functioning effectively, the results across the EU do raise questions about the stringency of the caps in some member states," the environment and climate change minister, Ian Pearson, said.

Guardian Unlimited Business | | Questions raised over EU carbon trading scheme:
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"Spend and tax" not "tax and spend"

 I got a response from my MP which got me kind of mad. You'll see why as I reproduce it here. Apologies for the strange changes in types...