Cap and Trade

Prime minister Yasuo Fukuda announces plans to cut emissions by up to 80 per cent by 2050

GOP senators resort to demanding that entire bill is read out in an attempt to delay debate on Climate Security Act

President claims Climate Security Act would cost US economy $6 trillion, as critics insist White House estimates are hugely overblown

1,700 scientists and economists, six Nobel Prize winners and one former prime minister urge US action on climate change

Environment Committee pushes for aviation to be included in cap-and-trade scheme from 2011, adding around €40 to cost of transatlantic flights

Environment commissioner claims emissions trading is "yielding results" after emissions from firms covered by ETS climbed just 0.68 per cent in 2007

Defra identifies reputational risk as key factor behind success of carbon reduction commitment

Support for Japanese cap-and-trade schemes gathers momentum

Study predicts that US cap-and-trade scheme would result in GDP being just 0.3 per cent lower than business-as-usual projections by 2030

Expansion of carbon market into Asian time zone would result in stronger price signals for European traders