Massachusetts Institute of Technology

Public Release: 10-Jun-2008

MIT: European system for cutting CO2 emissions is working well

In a bid to control greenhouse gas emissions linked to climate change, the European Union has been operating the world's first system to limit and to trade carbon dioxide. Despite its hasty adoption and somewhat rocky beginning three years ago, the EU "cap-and-trade" system has operated well and has had little or no negative impact on the overall EU economy, according to an MIT analysis.

Study funded by Pew Center for Global Climate Change, and Doris Duke Charitable Foundation

Contact: Elizabeth Thomson

thomson@mit.edu

617-258-5402