what is the purpose of the ‘emissions trading scheme’?

First, to reduce carbon emissions.

But it also pays companies to invest to reduce emissions because if they can reduce their emissions below the standards they can sell their excess "savings" to another company where it may be more costly to reduce the emissions.

This should help business comply with higher environmental standards that include carbon emissions.

This entry was posted on Thursday, September 10th, 2009 at 5:25 pm and is filed under emission trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “what is the purpose of the ‘emissions trading scheme’?”

Thor on September 10th, 2009 at 11:00 pm

First, to reduce carbon emissions.

But it also pays companies to invest to reduce emissions because if they can reduce their emissions below the standards they can sell their excess "savings" to another company where it may be more costly to reduce the emissions.

This should help business comply with higher environmental standards that include carbon emissions.
References :

London Low Emission Zone - Feasiblility Study