A Push from Carbon Markets in the European Union

A Push from Carbon Markets in the European Union 

Global efforts to reduce carbon dioxide and other greenhouse gas emissions also could be the pathway to a hydrogen future. Several countries 

The EU ETS has grown steadily since its 2005 inception. Under the plan, each EU member nation is granted an annual allocation of permits. The system currently covers some 11500 energy-intensive installations across the EU, which jointly represents about half of European emissions (European Commission 2006). The initial program did not include the transportation sector. As the allowance markets evolve, it is reasonable to expect countries to consider expanding the system to further reduce emissions from all sectors. 

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