The Price Of GHG Legislation

Law360, New York (October 6, 2009, 10:46 AM EDT) -- Although Congress continues to debate the merits of “cap-and-trade” legislation to control greenhouse gas emissions, the European Union has had a GHG emissions trading system (“ETS”) in place since 2005.[1]

By 2008, the value of EU emissions allowances transacted was almost $92 billion.[2] But despite its broad reach, the EU system as originally established did not cover the transportation sector, which accounted for approximately 21 percent of EU GHG emissions in 2005.[3]

Recognizing that it would ultimately need to control transportation emissions if it were to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.