Tag Archives: Greenhouse Effect

Greenhouse Effect – Global Carbon Trading

In 2005 the EU established a cap for carbon emissions and trade program. This cap set a limit on the CO2 industry and utilities could emit. The cap is to reduce the greenhouse gases that cause global warming. A low cap will cost business, and a high one will have little impact reducing global warming. In 2017 the cap was 1.7 per cent annually that would reduce emissions by 43 per cent by 2030. In the EU carbon targets affect 11,000 energy and industrial plants.

With the trade program, each company has an emit target and can emit

Posted in News and Op-eds | 4 Comments
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