The European Environment Agency (EEA) has published in their 2008 annual report that European (EU-27) greenhouse gas emissions have reduced by 7.7% between 1990 and 2006. This quite positively assures that if the EU stays on track, the Kyoto target of a reduction of 20% by 2020 will definitely be reached. The EU-15 countries however, [...]

The Lieberman-Warner bill which is scheduled for consideration by the American Senate this month is likely to be the greatest step into creating a worldwide emissions trading scheme. The bill will cap US greenhouse gas emissions at about 30 per cent of their current level by 2050 and an emissions trading scheme will be at [...]