EU-level emission trade caps "not cheaper"

Power firms review implications of future European climate gas emission trading

Setting pollution caps at EU rather than national level in a future bloc-wide emission trading scheme will make no difference to the overall compliance costs of meeting environmental goals, according to the results of a simulation exercise by electricity lobby Eurelectric.

The draft EU scheme, penned by the European Commission and set to enter force in 2005, is currently being debated in the European Parliament. One possible change is for emission caps to be set at EU level instead of by each member state.

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