THE UK has started to deliver on its promise to lead the world in tackling global warming.
On Monday it became the first large industrial economy to announce caps on emissions of carbon dioxide by large industrial operations such as power stations, oil refineries and cement works. It fixed average reduction targets of 16 per cent by 2010.
The move will give a boost to energy companies that switch to renewable energy sources such as wind power. These companies will be able to sell spare “pollution permits” to others that cannot or will not meet the target unaided. The British…
