| From greenbang.com: The UK government has slipped out the terms for the controversial auction of European Union emissions trading permits.
The controversy around the EU Emissions Trading System is that traditional big carbon polluters will be able to buy emissions allowances to help them meet emissions reduction targets – with the government claiming this is fine because the net overall emissions target for the country isn’t affected. The auction is being handled by the Department for Environment, Food and Rural Affairs – more details here.
The government is aiming to hold the first auction before the end of the year and reports estimate this emissions trading will bag the Treasury up to £2bn by 2012......Full Article Source |