Emissions Trading Scheme Central to EU's Reduction Plan

Stavros Dimas
Published: Wednesday, 11/30/2005 12:00 am EST

NASA predicts that 2005 will be the hottest year ever recorded. Analysis of ice-cores has revealed that greenhouse gas concentrations in the atmosphere are higher now than at any time in the past 650,000 years. Ocean levels are rising twice as fast as in the past. In Europe, we have witnessed droughts, large-scale forest fires and devastating floods this year, and across the Atlantic Hurricane Katrina demonstrated the massive costs associated with extreme weather events.

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