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As with other proposals evolving in Congress, his plan would allow industries to achieve reductions by trading emissions credits.
Under the Chicago Climate Exchange, for example, major companies are building a market for trading emissions allowances.
Further, European governments tend to favor restricting nations from trading emissions reductions internationally; Americans generally oppose such restrictions.
"The court confirms the validity of the directive that integrates aviation activities in the system for trading emissions quotas," the ruling said.
Done properly, it would help firms take stock of their actual emissions, and could set the foundation for a sensible scheme for trading emissions credits.
This year has been stomach-churning for the people who make their living in the arcane world of trading emissions permits," The New York Times writes.
Similar(44)
No one will ever make money out of trading emission reduction credits in global dimming.
It lobbied for tighter regulation of air pollution, because it had figured a way to make money trading emission credits.
Among the ploys: Enron was in favor of the Kyoto treaty, because it thought it could make money trading emission permits; see, environmentalism is the villain.
Cap-and-trade emissions trading seems to politicians to be the ideal solution.
Britain is about to become the first country with a full-scale scheme to trade emissions.
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CEO of Professional Science Editing for Scientists @ prosciediting.com