An emissions credit-trading strategy in the UK has recently gotten a boost from multi-national energy companies, which have made plans for the first energy trading authority. The trading idea is in response to the Climate Change Levy, effective April 2001, which will increase the cost of energy use for many organizations, but makes energy conservation more attractive. The proposal will allow organizations that reduce their greenhouse gas emissions to sell credits to organizations with more pollution, such as those incurring higher costs attempting to meet the standards. The British government has announced its support for such a trading system, as it is expected to reduce costs in the energy industry.
Based on a report from workplacelaw.net
