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CARBON EMISSIONS TRADING – A NEW
WEAPON AGAINST GLOBAL WARMING
BPC 2006
• The only mandatory carbon emissions trading program is
in Europe. It was created in conjunction with the Kyoto
Protocol and caps the amount of carbon dioxide that power
plants and fuel-intensive manufactures in the 25 EU
countries are allowed to emit.
• In US nine Eastern states are developing a regional capand-trade
program that will require large power plants from
Maine to Delaware to reduce their carbon emissions and
California is attempting to place greenhouse gas limits on
automakers. Separately, a small group of companies has
voluntarily agreed to cap their carbon emissions in the U.S.
as part of an experimental market that is based in Chicago
(CCX).