EU Emissions Trading System Union Registry: how it works and how to bid for carbon allowances and aviation allowances

Click here for this in full @: https://www.gov.uk/eu-ets-carbon-markets

This guide deals with using the EU ETS Union Registry and how to bid for carbon allowances in forthcoming emissions auctions. The EU Emissions Trading System (EU ETS) is the largest multi-country, multi-sector greenhouse gas emission trading system in the world. It is central to the EU meeting its 20% emissions reduction target by 2020.

Emissions trading establishes the price of greenhouse gas emissions, which allows the market to determine the most economically efficient method for businesses to reduce their emissions.

Obama says: " European Union Emissions Trading Scheme not the way out of Climate Change" (signs bill excluding US airlines from EU Carbon Trading Scheme)

Click here for this in full at The Guardian: http://www.guardian.co.uk/world/2012/nov/28/obama-fails-climate-test-aviation

Barack Obama has approved a bill that exempts US airlines from the EU's aviation carbon trading scheme. Photograph: Justin Sullivan/Getty

 

Barack Obama has signed a law excluding US airlines from the European Union's carbon trading scheme, delivering a blow to campaigners' hopes for stronger climate action during the president's second term.
Environmental campaigners had urged Obama to veto the aviation bill as a sign of his commitment to fighting climate change in his second term.
The White House said in a statement Obama still saw climate change as a priority but that he disagreed with subjecting US and other foreign airlines to the EU emissions trading scheme.
"The Obama administration is firmly committed to reducing harmful carbon pollution from civil aviation both domestically and internationally," a White House statement to reporters said. But "the application of the EU ETS to non-EU air carriers is the wrong way to achieve that objective".