EU emission trading plans disappoint business

Criticisms multiply over Commission's plan for mandatory rather than voluntary participation

A British business organisation instrumental in setting up the UK's pioneering national greenhouse gas emissions trading system has criticised the draft EU carbon dioxide trading scheme proposed on Tuesday as inflexible and potentially harmful to its members.

Richard Jackson of the confederation of British industry (CBI) said the initial reaction was of "concern and disappointment" that a three-year "learning-by-doing" period of EU trading from 2005 would be mandatory rather than voluntary.

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