European Commissioner for Energy Stravos Dimas this week said the European Union's carbon emissions-trading scheme, intended to combat global climate change and reduce greenhouse gases, could be a catalyst for economic opportunities for the continent's industries.
"It is breaking a lot of new ground as the first international trading system and the greatest ever in terms of economic coverage," Dimas said during conference on European energy at the Brookings Institution in Washington. "The scheme will give European business -- including U.S. companies based in Europe -- a first-mover advantage through the invaluable early experience they will gain."
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