EU adopts linking directive for emissions trading

The linking directive will help European industry to make earlier use of the Kyoto "flexible mechanisms": Joint Implementation (JI) and the Clean Development Mechanism (CDM), a press release from the European parliament says. These allow member states and industries to meet part of the Kyoto targets by reducing greenhouse gas emissions in other countries - developing countries or countries with economies in transition - at lower cost than at home.

European firms will be able to use CDM credi