Co-operative carbon trading with Obama's US?

Those wild-eyed optimists over in Europe actually think they might come up with a scheme that would have the U.S.and E.U. co-operating in trying to curtail CO2 emissions. Clearly this is an Obama-dependent idea.

The E.U. implemented its own carbon-trading program in 2005 and now has invited the U.S. to join in. The Europeans never bothered to approach the former U.S. regime.

Essentially the program auctions off the right to pollute to a set amount. The goal of the EU is to get all the world onto a similar program by 2020. Thwey say getting the U.S. to sign on would be a major step to pressurig Japan, Russia, China, Brazil and many smaller nations. This new EU policy proposal calls on all developed nations to reduce greenhouse gas emissons by 30% by 2020. All this is aimed at redcucing climate change by reducing greenhouse gas emissions. [poll id="83"]