CMLJ Express |
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Emissions trading in the European Union (see p. 5)
| Rhian Roberts and Chris Staples European businesses entered a carbon constrained economic environmenton 1 January 2005. For some, the impacts were immediate anddirect in the form of caps on their emissions. The majorityfelt it indirectly and more slowly through increased energycosts as the perceived cost of compliance was passed on by generators.The full impacts are not yet clear, but a quiet revolution isunderway
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