European Commission plans global carbon trading scheme
The European Commission (EC) today set out proposals for a global agreement to tackle climate change, a pact it hopes will be signed at the UN climate conference in Copenhagen in December.
The European Union's goal is to limit global warming to less than 2°C above pre-industrial temperatures "as there is strong scientific evidence that climate change will become dangerous beyond this point", said an EC statement.
To stay below 2°C, global emissions need to peak before 2020 and then be cut to less than 50% of 1990 levels by 2050. This will require action by both developed and
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