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european-union-emissions-trading-scheme-report-2009To a new study presented by a US non-governmental organization, the European cap and trade system – called Emission Trading System or ETS – seems to finally work after a much difficult start.

To TreeHugger: The trading system has created a healthy carbon market now worth 56 billion US dollars, and (…) has been responsible for Europe reducing its carbon emissions by 2.5-5% annually.

These figures should and probably will help in the implementation of a similar system in the USA as they are currently discussing about it. I hope they will also spur similar programs worldwide. Continue »

Published on Friday, August 21 , 2009
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You forget that the fruits belong to all and that the land belongs to no one. — Jean-Jacques Rousseau