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Europe Daily Bulletin No. 8493

28 June 2003
Contents Publication in full By article 10 / 36
GENERAL NEWS / (eu) eu/climate change
Parliament and Council reach agreement at second reading on future Community system for trading emission rights - Confirmation expected in Strasbourg

Brussels, 27/06/2003 (Agence Europe) - On Wednesday, the Parliament and Council reached an agreement on the directive that is to establish, in 2005, a system for the trade of greenhouse gas emission rights between companies of the European Union in application of the Kyoto Protocol on climate change. With such a system (experimental and limited from 2005-2008, tried and enlarged from 2008 to 2012), the Union will be the first entity in the world to anticipate implementation of this "flexible...

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