Law360 ( June 4, 2009, 12:00 AM EDT) -- Key differences exist between the cap-and-trade scheme proposed by the Waxman-Markey Bill and Phase II of the EU Emissions Trading Scheme (EU ETS), from 2008-2012, and Phase III of the EU ETS, from 2013-2020. The differences, particularly the different targets set by the Waxman-Markey Bill, may affect the EU ETS emissions reduction target....
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