UK Threatens Carbon Trading Scheme
So much for Tony Blair's self-professed pledge to lead on climate change. For Britain to change the rules at this late date on European carbon trading, after climate policy is finally moving forward, is disasterous, short-sighted and distasteful.
Guardian Unlimited | The Guardian | UK carbon output revision threatens trading scheme
The EU's carbon dioxide emissions trading scheme (ETS), the world's first market-based plan for cutting greenhouse gases, is in danger of being stillborn because of threatened legal action by Britain, Germany and other countries against the European commission. Margaret Beckett, environment secretary, has warned Stavros Dimas, the environment commissioner, that the UK will take Brussels to the European court of justice if he does not approve a new version of Britain's plan for emissions by power generators and energy-intensive sectors that is more generous to industry.