Energy Literacy Advocates Newsroom
Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Wednesday, November 19, 2008
UK Hosts First-Ever Carbon Dioxide Auction
November 19, 2008 - The London Financial Times reports that Europe’s first auction of allowance emission permits for carbon dioxide brought the UK government roughly £54m. These permits fall under the European Union’s emissions trading scheme. The auction was heavily oversubscribed, with electricity producers expected to be the main buyers.
While European Union member nations are required to participate in emissions trading, other nations are eyeing the allowance system. Japan and Australia have announced plans for experimental carbon emission trading, and President-elect Barack Obama has promised to introduce a similar cap-and-trade system for carbon emissions in the US.
While European Union member nations are required to participate in emissions trading, other nations are eyeing the allowance system. Japan and Australia have announced plans for experimental carbon emission trading, and President-elect Barack Obama has promised to introduce a similar cap-and-trade system for carbon emissions in the US.
Labels: climate change, economy, energy policy, u.s. energy policy
posted by Amanda Voss at 12:16 PM
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