EU emissions trading scheme on course to make tiny savings, says report
By Damian Carrington, Guardian, 10 September 2010 | The entire five-year period of the European Union's emissions trading scheme (ETS) that ends in 2012 is set to deliver carbon savings of less than a third of 1% of total emissions, according to a new report. The analysis by emissions trading campaign group Sandbag predicts that only 32m tonnes of pollution permits will need to be surrendered to meet the cap on greenhouse gas emissions – a tiny fraction of the 1.9bn tonnes of carbon emissions covered by the ETS each year. The "miniscule" saving is the result of the economic crisis having driven down industrial activity while the caps remain at the same level. "The ETS is the best thing we have but it is being held back by industry lobbying," said Sandbag's founder, Bryony Worthington. "We think the European commission wants to lower the caps but they need to win the political battle. As it stands, no one needs to do anything to curb their emissions until about 2016..."
Italy threatens veto over EU-South Korea trade deal on eve of talks - Earthtimes
Brussels - Italy is threatening to veto the European Union's approval of a free-trade agreement with ... requires the approval of EU states and the European Parliament. But Italy opposes it, saying it will harm its ...
EU on right path with peer review on budgets
ECONOMICS:The EU has agreed new procedures for collective scrutiny of national budgetary and economic policy ideas, writes DAN O'BRIEN
Hungary won’t seek to renew IMF, EU loans - WHEC TV-10
AP) BUDAPEST ... Matolcsy also said the government is committed to a state budget deficit target of 3.8 percent of GDP this year, and of below 3 percent in 2011. The IMF, the EU and the World Bank gave Hungary a ...
EU's Barnier Wants New Regulation System Agreed by End 2011, Tribune Says
Michel Barnier, the EU’s financial- services commissioner, told French daily La Tribune in an interview that he wants agreement on a new system of financial regulation by the end of 2011.
EU struggles to agree trade breaks for Pakistan
Source: Reuters * EU looking to give long-term help to flooded Pakistan * Trade, foreign affairs diplomats disagree on measures * Foreign ministers to discuss issue on Friday (Adds Pakistani foreign minister, ...
EU court strikes down German gambling monopoly (2nd Roundup) - Monsters and Critics
The ruling by the European Court of Justice (ECJ) sparked delight and ... the ECJ ruled that 'the German rules do not limit games of chance in a consistent and systematic manner,' and that therefore 'the monopoly ...
EU budget a 'threat' to Irish farming
The debate on the size of the EU budget and its impact on the CAP after 2013 pose the greatest threat to Irish farming, according to George Lyon.
EU court rules against German gambling monopolies - Boston Globe
BERLIN— The European Court of Justice has decided that German rules which grant a state-supervised monopoly on sports betting and lotteries violate European Union law. The Luxembourg-based court said ...
EU to launch talks with China on protection of geographical terms
European Union (EU) trade ministers agreed on Friday to launch negotiations with China on the protection of geographical terms for wines and foodstuffs such as champagne and Scotch whisky.
EU Punts Again on Question of Hedge Fund Passport
The EU has again postponed a planned vote on a new EU-wide regime for the registration and regulation of hedge funds and their managers. American funds have been awaiting a final decision on these proposals with a mixture of anxiety and dread. On their surface, the new rules would provide for a single EU passport [...]
France in talks with EU commission to defend Roma expulsions - Earthtimes
Immigration Minister Eric Besson and European Union Affairs Minister Pierre Lellouche ... France's centre-right government has been under fire since starting to dismantle Gypsy camps and repatriate the Roma living ...
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