EU: OECD-wide carbon credit market by 2015

Commissioner for Environment, Stavros Dimas, reveals the European Union’s visions for a successful outcome of the UN Climate Conference in Copenhagen (07–18.12.2009).

“Our vision is to build an OECD-wide carbon market by 2015 by linking the EU emissions trading system with compatible cap-and-trade systems being set up in other industrialized countries,” Stavros Dimas, EU Commissioner for Environment, said in a speech at a seminar on climate change on the 6th March 2009.
“The moves underway to introduce a US federal cap-and-trade system, point to the real possibility that a transatlantic carbon market could be in place from around 2012, and this is enormously encouraging,” Mr. Dimas added at the seminar which was held in Stockholm. Sweden will be President of...

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