Financial Times FT.com

Climate change

Boost for emissions trading scheme

By Nikki Tait in Brussels

Published: August 6 2008 16:29 | Last updated: August 6 2008 16:29

European Union and United Nations systems for tracking the use of carbon credits will be connected before December, a move that should significantly facilitate emissions trading.

Brussels announced on Wednesday that the link-up would be in place “before December 2008 at the latest” following the successful completion of tests. The European Commission added that it was still negotiating with officials at the UN Framework Convention on Climate Change on a precise date but said this would be announced ”shortly”.

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