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Thread: EU: Proposed 18% CO2 cut

  1. #76
    Join Date
    Dec 2004
    Location
    Gran Canaria, Spain
    Posts
    3,525
    Quote Originally Posted by lightweight View Post
    Another interesting contribution on the topic is the emission trading scheme.

    The story goes like this: Each company has an output of CO2. If this output is above the legal limit, then the company pays a fine. Companies that are below the legal limit can sell their CO2 "allowance" to another "lawbreaker" company. The buying and selling of CO2 follows the laws of the stock market, allowing escalated prices at periods of time and reduced prices at others.

    The funds gathered are invested in environmental research

    This concept was known for sometime ago, but today I read from the link posted below that the Australian Government has already implemented this.

    Can our friends from the outback give us more information?

    Source:

    http://dsc.discovery.com/news/2007/0...20070209153030
    Ever heard of the Kyoto protocol? In my opinion this is just a desperate attempt by Australia to remove focus from their refusal to ratify it and make the world forget they're one of very few democratic nations to do so. Nevertheless a desperate attempt is still an attempt, and a whole lot better than nothing.
    http://www.ultimatecarpage.com/forum/showthread.php?t=31695
    - Are YOU listed? -

  2. #77
    Join Date
    Jun 2005
    Location
    Scotland, UK
    Posts
    1,163
    Burial at sea for CO2 given seal of approval

    http://www.newscientist.com/article/...-approval.html
    Minimising losses can maximise net gains

  3. #78
    Join Date
    Apr 2003
    Location
    Rozenburg, Holland
    Posts
    27,323
    In the meantime the EC Commissioner for environment Mr. Dimas (Greek) has already brought forward an easy solution to significantly reduce emissions.
    "Introduce a general speed limit on the German motorways"

    I am sure this is going to have some repercussions
    "I find the whole business of religion profoundly interesting, but it does mystify me that otherwise intelligent people take it seriously." Douglas Adams

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