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1/29/07

Kansas City Star: EU and California in talks on joint cap-and-trade system for greenhouse gases


For the complete report in the Kansas City Star click on this link

EU and California in talks on joint cap-and-trade system for greenhouse gases

The European Union is working closely with California to bring it into the 27-nation bloc’s trading scheme for greenhouse gas emissions, the EU environment chief said Friday.

In an interview at the World Economic Forum with Dow Jones Newswires, Environment Commissioner Stavros Dimas said members of his staff met with California officials last week and discussed how to make the state’s planned program fit with a European one that has been operating for two years. “We are trying to make their trading scheme harmonized in order to have them linked in the future,” Dimas said.A deal between the EU and California would be a blow to President Bush, who earlier this week in his State of the Union speech laid out his own plans for reducing emissions and preventing climate change. Bush was criticized by environmental groups and some business leaders for not introducing an emissions cap-and-trade system.

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