isramart : EU, U.S. interested in carbon trading links-Sweden

isramart news:
L’AQUILA, Italy, July 8 (Reuters) - The United States and the European Union are interested in exploring ways to link carbon trading markets, Swedish Prime Minister Fredrik Reinfeldt said on Wednesday after talks with U.S. President Barack Obama.

“I had a discussion with President Obama on the U.S. cap and trade system and would like to link it up with ours (the EU), Australia, possibly others, as part of a global carbon trading scheme,” he told Reuters on the sidelines of a G8 summit.

“It is something we are very interested in pursuing,” he said of the United States and the European Union.

Sweden holds the rotating EU presidency.

The European Union has a carbon market, for industrial emissions of carbon dioxide, and Obama favours carbon trading for the United States.