Preparing for the emissions trading game

Preparations for the launch of a UK greenhouse gas emissions trading scheme this spring are continuing, with businesses lobbying for rules which allow maximum participation and minimum costs, and with concerns about "hot air" trading and the lack of a legal basis for the scheme yet to be addressed. Meanwhile, the realisation is growing that emissions trading may act against the sectoral energy efficiency agreements - and a lively debate is under way about the risks and costs of trading for individual companies.

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