CO2 emissions trading put to test

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In climate change policy the European Commission attempts to implement a new instrument intended to facilitate the accomplishment of the Kyoto targets. The proposal for a directive from 23rd October 2001 puts this concept in concrete A legally binding emissions trading system applied to selected installations is to be introduced at the start of 2005. The analysis at hand The EU proposal is conceptually weak, it is uncoordinated with the instruments of the Kyoto protocol and has negative economic as well as negative ecological effects.