Cap and Trade Allows Europe To Easily Exceed Its Emission Reduction Goal

Date Published: 
Thu, 11/12/2009

Joe Romm. Climate Progress. November 12, 2009. 

Europe to easily beat Kyoto target—looks like the European Trading System has worked after all”:  Romm breaks down a report from the European Environment Agency. The report shows that every European nation, save Austria, is on track to meet, or exceed, their emission reduction targets under the Kyoto Treaty—with the help of their regional cap-and trade program. They were meant to reduce emissions by 8 percent during the 2008-2012 span, but they are on track to reduce emissions by more than 13 percent.