Climate Action - Assisting business towards carbon neutrality

A cornerstone of EU climate change policy is the EU’s Emissions Trading Scheme (EU ETS). The EU ETS was launched in January 2005 to help minimise the economic costs of the EU's Kyoto commitments on combating climate change. EU governments have set limits on how much CO₂ power plants and energy intensive factories are allowed to emit each year. Those emitting less CO₂ are allowed to sell unused emission quotas to other factories that are not doing as well. Industries covered include: power generation, iron & steel, glass, cement, pottery and bricks. Current proposals are looking at including aviation in the Trading Scheme.