Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

29 Nov 2007 04:11:46

EU trading scheme set to reward carbon capture



EU trading scheme set to reward carbon capture
The European Commission is set to propose emission trading scheme credits for companies that capture and store their carbon instead of releasing it into the atmosphere, according to reports.

Draft European Union legislation, obtained by Reuters, comes as part of a wider set of rules relating to climate change that aim to set limits on the amount of carbon dioxide businesses produce.

The plans would be particularly relevant to the fossil fuel industry, with large scale operations required to have the equipment necessary to trap and store carbon dioxide.

"CO2 captured and stored will be credited as not emitted under the emissions trading scheme," the draft legislation stated, Reuters reported.

"The Commission addressed the economic, social and environmental implications of mandatory carbon capture and storage...and concluded that at this time a mandatory requirement should not be imposed," it added.

Any legislation would operate in conjunction with the EU Emissions Trading Scheme introduced in 2005, a measure that put a price on the carbon emitted by businesses and established a market for its trading.ADNFCR-1235-ID-18375481-ADNFCR


Discussion Thread  

 


The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. This conference gives regulators, business, government agencies, local government and campaign...

  2. Halogen energy saver range Products & Services

    Osram was the first to launch a high-voltage halogen energy saving lamp to complement the...

  3. Irrigation WindMills Products & Services

    World's Most Powerful Water Pumping WindMills Operates In Low Speed Winds from 4mph

  4. FPCTECH Organisations

  5. Experts have urged businesses to adopt greener practices as it could save firms money.Figures...

    13 May 2008



Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.