Yesterday, the European Commission adopted a climate change package, which includes a draft directive on emissions trading, an instrument of EU ratification of the Kyoto Protocol and policies and measures to reduce greenhouse gas emissions. Please the attached press release outlining the package. Major provisions of the draft emissions trading directive include: The emissions trading scheme has two phases -- first phase (2005 - 2007), second phase (2008 - 2012)
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EU emissions trading directive and climate change plan released....