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The Kyoto treaty basically mandated a reduction on greenhouse gases. The Kyoto Protocol is within 106 countries or more.
The European Union produces about 22 percent of the worlds greenhouse gases. So, it is highly necessary that they comply and put forth and effort to help control global warming. In January, the European Commission decided it was going to reduce GHG emissions by 20 percent by 2020.
In 2002, the EU created an emissions trading system for various industries like, cement, steel, energy, glass, etc. These industries are fined of they don't meet their obligations on emissions, which is a really good incentive for the company's to stay on track...
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