Every major CO2 emitting site in Germany was registrated and included into the system of these so called "allowances".
This includes all major production plants and power plants.
On the base on their CO2 emissions in (I think) 1990 each company got a free certificate to emit a reduced amount of CO2 in the future.
So, if a company wants to continue to emit the old 1990 amount, they need some additional allowances which they have to buy at the EEX.
Companies, which have successful reduced their amount of CO2 emission can sell the unused parts of teh certificate.
So these companies will benefit from their efforts to save our environment,while others have to pay for their CO2 emissions.
The basic idea is to reduce step by step the number of free certificate which will increase the costs for CO2 emissions.
I like the idea because I think, that money is the best and mostly the onliest motivation for companies.
: can you tell me more details about what EEX is dong now, what do you mean when you say that they start "trading of allowances"? what is the significance of "trading of allowances" for kyoto protocol? thanks
:
: : Today, March, 9 2005 the
: : EEX successfully starts Trading of Allowances
: : The EEX is the German Energy Exchange in Leipzig and EEX stands for European Energy Exchange.
: :
: : : I am a student taking up environment science and we are currently studying what are the developed countries like Germany doing to implement or fulfill the Kyoto protocol?
