The European carbon market is based on hard caps. But the government's plan is calculated on the basis of intensity and translates into what will be legally mandated absolute reductions.
November 29th, 2007 / 4:25 p.m.
Associate Deputy Minister, Department of the Environment
The European carbon market is based on hard caps. But the government's plan is calculated on the basis of intensity and translates into what will be legally mandated absolute reductions.
See context to find out what was said next.