Europe Agrees on Landmark Carbon Deal

GALWAY, IRELAND--May 11, 2015--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) An agreement among European governments, the European Commission (EC) and the European Parliament has cleared the way for a rapid overhaul of the region's failing carbon emissions control system.

The Emission Trade System (ETS) is the only mechanism in the European Union (EU) for monitoring and tracking CO2 emissions in Europe, covering almost 12,000 power stations, factories and refineries in 30 countries.