EU carbon trading

MIT: Emissions Trading For Transport = EU’s Cheapest Means Of Reducing Transport Emissions

Rather than adopting an approach similar to the corporate average fuel economy (CAFE) standard in the United States, the European Union could achieve similar carbon dioxide emissions reductions simply by extending the existing emissions trading system to encompass transportation (in addition to the electricity generation and energy-intensive industries it currently covers), according to a new study from MIT and its research partners.