EU, Australia to Link Emissions Trading Systems

The European Union (EU) and Australia have agreed to link their emissions trading systems (ETS). Greg Combet, Australia’s minister for climate change and energy efficiency; and Connie Hedegaard, European commissioner for climate action, jointly announced the agreement. Combet: Climate change. Businesses participating in the Australian ETS will be able to buy carbon permits on the EU ETS by July 2015. A full, two-way link, by means of the mutual recognition of carbon units between the EU and Australian systems...

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