Emissions trading scheme to be debated
The pros and cons of a carbon emissions trading scheme will be debated today at a conference in Adelaide.
Lufthansa's boss has called for the EU emissions trading scheme (ETSEmissions Trading Scheme: Effectively an emissions market where allowances are traded as units of volume eg one tonne of carbon dioxide. Participating companies are allocated a number of allowed emissions units of each gas. A company may emit more by purchasing units from the market. Similarly, a company may sell units if they are in excess. The total number of allocation units is fixed and regulated by central and EU government. An ETS imposes a limit on the total emissions according to reduction targets, while allowing companies flexibility. ) to be suspended until it can be introduced globally and not just in Europe.