EU Emissions Drop 3% in '08 Under Trading System

Law360, New York (May 15, 2009, 12:00 AM EDT) -- Emissions of greenhouse gases from European Union businesses participating in the bloc's Emission Trading System fell more than 3 percent in 2008 from the year before, the European Commission revealed Friday.

Emissions decreased a total of 3.06 percent, proof that the EU ETS is starting to make a difference, particularly when coupled with a 6.5 percent reduction in emissions allowances the EC has secured for the second trading period, the commission said in a statement.

“The 3 percent reduction was partly due to businesses taking measures...
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