Boost for emissions trading scheme

The European Commission, Member States and the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat have successfully completed all the testing required for connecting to the UN's international carbon credit registry. The EU's Community Independent Transaction Log (CITL) and Member State registries will be connected to the UN's International Transaction Log (ITL) before December 2008 at the latest. The link will mean carbon credits issued under the Clean Development Mechanism can be transferred to the registries of EU Member States.

European Commission: Press Release: IP/08/1246: Emissions Trading: Commission to connect EU with UN carbon credit registry before December http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1246&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: DG Environment: Policies: Climate Change: Emission Trading Scheme http://ec.europa.eu/environment/climat/emission/

UN: UNFCCC: Kyoto Protocol: Mechanisms http://unfccc.int/kyoto_protocol/mechanisms/items/1673.php

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