TodayEco.com

15 Sep '12, 11am

Renewables and Emissions Trading: Do Schemes like the EU ETS Work?

More than 30 countries around the world are now using emissions trading as the primary vehicle to drive carbon pollution reduction. But while emissions trading schemes are growing in popularity, they are also coming in for heavy criticism over their cost, lack of effectiveness and because they do too little to support the growth of renewables. The key question is whether emissions trading schemes can be made to work successfully, or will they eventually be supplanted by alternative schemes aimed at reducing carbon emissions and boosting renewables growth? By far the largest scheme currently in place is the E.U. Emissions Trading System (E.U. ETS). This is the Europe-wide cap-and-trade scheme, which started in 2005 and it is one of the key policies introduced by the E.U. to help meet its greenhouse gas emissions target of 8 per cent below 1990 levels under the Kyoto Protoco...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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