Green Options » Climate Policy and Industrial Competitiveness http://greenoptions.com/tag/climate-policy-and-industrial-competitiveness Posts tagged 'Climate Policy and Industrial Competitiveness' Mon, 28 Sep 2009 23:55:56 +0000 http://wordpress.org/?v=2.5.1 en 10 Things the Senate Should Know About Cap and Trade in Europe http://cleantechnica.com/2009/09/28/what-the-senate-should-know-about-cap-and-trade-in-europe/ http://cleantechnica.com/2009/09/28/what-the-senate-should-know-about-cap-and-trade-in-europe/#comments Mon, 28 Sep 2009 23:55:56 +0000 Susan Kraemer http://cleantechnica.com/2009/09/28/what-the-senate-should-know-about-cap-and-trade-in-europe/
What we call Cap and Trade, (and what China is now considering)  has already just been tried out in Europe, to meet Kyoto. They called theirs the EU Emissions Trading System. China will call theirs “Limit and Incentivize”. Regardless of whether we call it: capping or limiting emissions and trading or incentivizing to fund the switch to renewable energies - It worked.

In the first three-year phase; European carbon emissions dropped 300 million metric tons of carbon, according to a study by The German Marshall Fund; Ten Insights from Europe on the EU Emissions Trading System. US carbon emissions rose, during those three years from 2005 through 2007.

Here’s what we can learn from those who have gone ahead of us in forging Cap and Trade policy to reduce fossil energy use and increase renewable energies. The German Marshall Fund (remember The Marshall Plan?) has put together these ten tips from their experience.

The main takeaway? Don’t worry.

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