MIT: European system for cutting CO2 emissions is working well

Courtesy EurekAlert! - Mathematics and Statistics  Mon, 06/09/2008 - 23:00

(Massachusetts Institute of Technology) In a bid to control greenhouse gas emissions linked to climate change, the European Union has been operating the world's first system to limit and to trade carbon dioxide.

Despite its hasty adoption and somewhat rocky beginning three years ago, the EU "cap-and-trade" system has operated well and has had little or no negative impact on the overall EU economy, according to an MIT analysis.

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