| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/04/1489 (15.12.04) |
| Publication Date | 15/12/2004 |
| Content Type | News |
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Speaking to ministers from around the world at the annual UN Climate Change Conference in Buenos Aires, European Commissioner for the Environment, Stavros Dimas, presented the EU Emissions Trading System for the first time to a global audience. Launched on 1 January 2005, the EU Trading Scheme is the first international emissions trading system in the world. Dimas also announced that the European Commission would provide an additional €300,000 in funding for the development of the UNFCCC Registry System, and donate software valued at €560,000. The EU is the biggest sponsor of activities under the 1992 UN Framework Convention on Climate Change and its Kyoto Protocol. Started in 2005, it is also assists developing countries with annually €369 million in addressing climate change. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/1489&format=HTML&aged=0&language=EN&guiLanguage=en |
| Related Links |
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| Subject Categories | Environment |
| Countries / Regions | Europe |
