Confederation of industry calls for quotas and renewables

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The Confederation of Danish Industry (DI) is calling on the government to totally liberalise the electricity and gas sectors by 2004, promote the use of renewables with "market-based mechanisms," and to give top priority to integrating the concepts of joint implementation and trade in C02 quotas into energy policy. "It is through market liberalisation and through international agreements on C02 reduction that there is greatest opportunity for financial returns and environmental improvements," says DI in its trade newspaper, Industrien. According to DI, a new report has documented that if the Nordic countries work together they can halve the cost of the fight against rising C02 emissions. "If we also bring in Eastern Europe and the developing countries through joint implementation and C02 quota trading, the costs can be reduced to one third, according to international experts from the World Bank, among others," states DI.

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