6. The European Union has a greenhouse gas allowance trading system in place. Go to their website...

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6. The European Union has a greenhouse gas allowance trading system in place. Go to their website (http://europa.eu.int/comm/environment/climat/

emission_plans.htm) and write a brief summary that describes how this trading system works. To what extent will greenhouse gas allowance trading reduce the economic cost of compliance with the Kyoto Protocol?

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