U.K. Lawmakers Call for Intervention in Carbon Market (Update1)

BusinessWeek (Feb 8 2010) Construction , Carbon Tax , Emissions , Fossil Fuel , Nuclear

1. Europe needs stricter limits on greenhouse gases and the power to intervene in carbon markets as its cap-and-trade program fails to encourage investments in cleaner energy, U.K. lawmakers said today in a report. “It is imperative that there are mechanisms for reducing the EU cap,” the committee said. While the U.K. alone couldn’t change EU caps, the 16-member panel representing the Labour, Conservative and Liberal Democrat parties said “the U.K. should be prepared to act “unilaterally” to curb its supply of permits and “demonstrate a continuing leadership role on tackling climate change.” (Read Full Article)

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