Financial incentives for emissions reduction

Chancellor Gordon Brown has approved £30m of financial incentives for the first year of an emissions trading scheme designed to help reduce UK industry’s emissions of carbon dioxide and other greenhouse gases. Under the scheme, which is planned to start alongside the energy tax in April 2001, companies would agree to cap their emissions for […]

Chancellor Gordon Brown has approved £30m of financial incentives for the first year of an emissions trading scheme designed to help reduce UK industry’s emissions of carbon dioxide and other greenhouse gases. Under the scheme, which is planned to start alongside the energy tax in April 2001, companies would agree to cap their emissions for one year ahead at levels below current ones and receive payments if they met their target.

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