UK Minister: carbon trading works, 100% business compliance
22 May 2008
The final UK results for the first phase of the EU Emissions Trading System, which ended in December 2007, demonstrated that carbon trading can work and helped to cement the UK’s role at the centre of the global carbon market, according to Environment Minister Phil Woolas.
In 2007 the UK had a shortfall of 27.6 million allowances, meaning permits had to be purchased from elsewhere in the EU.
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