The Ethical Corporation Awards 2012
Gain recognition from your peers as a global leader in Corporate Sustainability. Join us in the celebration of responsible business excellence this June in London.
Can carbon trading keep steaming on?
Carbon trading schemes have their fair share of detractors, and certainly they are no silver bullet for global warming, but they are being adopted by a growing collection of countries
Climate change policies are always divisive, and emissions trading is no exception. They are attacked by large corporations for imposing costs, consumer groups for increasing electricity prices and charities for legitimising pollution.
The EU ETS is the largest of its kind, covering more than 12,000 individual installations across 30 countries (the 27 EU member states plus Norway, Iceland and Liechtenstein).
It works by imposing a collective limit, or cap, on emissions from a defined group of participants, allocating allowances, and then letting participants trade allowances between themselves.
The scheme is dominated by heavy industry. Facilities covered by the EU ETS include power...
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