Netherlands backs CO2 emissions trading
The Dutch cabinet agreed on Friday to launch greenhouse gas emissions trading, starting with carbon dioxide (CO2) in 2005. Two months ago an advisory commission on emissions trading recommended that the Netherlands introduce a national scheme with marked differences from EU proposals (EED 05/02/02). Now, according to an environment ministry spokesperson, the cabinet has agreed to proceed "within a European framework". There is agreement over the need for emissions caps to be absolute but details of how permits will be traded and by whom will be thrashed out later. See press release.