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Funds from sale of emission permits should be invested in green technology

Posted on 11 December 2008

From Guardian: A cross-party group of Lords has called on the government to reinvest the millions raised from the sale of carbon emission permits in green technology, following criticism that ministers are planning to add the funds to the Treasury’s books.

In a bid by member states to reach the EU target of cutting carbon emissions by 20% by 2020, a portion of permits are already being auctioned within the emissions trading scheme (ETS), but plans to be decided in Poznan tomorrow could see 100% of permits auctioned….. Full Article: Source


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