Financial Times FT.com

Climate change

Climate bill points to US carbon trading

By Stephanie Kirchgaessner in Washington and Fiona Harvey,in London

Published: June 2 2008 03:00 | Last updated: June 2 2008 03:00

Senators will begin a debate in Washington on Monday on proposals for climate-change legislation seen as a blueprint for a future US carbon-trading programme.

The US is the only developed country not to have ratified the Kyoto protocol, which instituted a worldwide system of greenhouse gas emissions trading. A US carbon-trading system would be the world's biggest and would vastly increase the global market in emissions.

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