January 28th, 2009
Co-operative carbon trading with Obama's US?
Those wild-eyed optimists over in Europe actually think they might come up with a scheme that would have the U.S.and E.U. co-operating in trying to curtail CO2 emissions. Clearly this is an Obama-dependent idea.
Essentially the program auctions off the right to pollute to a set amount. The goal of the EU is to get all the world onto a similar program by 2020. Thwey say getting the U.S. to sign on would be a major step to pressurig Japan, Russia, China, Brazil and many smaller nations. This new EU policy proposal calls on all developed nations to reduce greenhouse gas emissons by 30% by 2020. All this is aimed at redcucing climate change by reducing greenhouse gas emissions.
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A newsman since 1969, Harry Fuller has worked for CBS, ABC, CNBC Europe, CNET and was founding news director at TechTV. See his full profile and disclosure of his industry affiliations.
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