Fiscal incentives to encourage businesses taking part in a carbon dioxide emission trading experiment (Windpower Monthly, May 2000) to make firm commitments to bigger cuts in emissions were announced by the government on July 24, reports electronic news service ENDS Daily. A fund of £30 million (EUR 48 million) is available to "provide the impetus to kick-start an emissions trading scheme in the UK," said environment minister Michael Meacher. Wind power is a prime technology for the delivery of the emissions credits needed in such trading schemes. Europe-wide emissions trading is expected to start officially in 2005, according to ENDS. The UK's ongoing pilot trading scheme now has more than 100 participating companies.
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol