The European Union’s (EU’s) Emissions Trading System (ETS) is a cornerstone of the EU’s efforts to meet its obligation under the Kyoto Protocol. It covers more than 11,500 energy intensive facilities across the 25 EU member countries, including oil refineries, power plants over 20 megawatts (MW) in capacity, coke ovens, and iron and steel plants, along with cement, glass, lime, brick, ceramics, and pulp and paper installations. Covered entities emit about 45% of the EU’s carbon dioxide emissions. The trading program does not cover emissions of non-CO2 greenhouse gases, which account for about 20% of the EU’s total greenhouse gas emissions. A final consideration for the ETS is its suitability for directing long-term investment toward a low-carbon future — the ultimate goal of any climate change program.

The European Union (EU), comprised of 15 member states (countries), is one of the United States’ chief agricultural trading partners and also a major competitor in world markets. Both heavily support their agricultural sectors, with a large share of such support concentrated on wheat, feed grains, cotton, oilseeds, sugar, dairy, and tobacco. However, the EU provides more extensive support to a broader range of farm and food products. According to the Organization for Economic Cooperation and Development (OECD), the EU and United States in 2001 together accounted for nearly two-thirds of all government support to agriculture among the major developed economies. However, EU agricultural spending generally is much higher than in the United States. Information comparing how the U.S. and EU governments support their producers is expected to be of interest to policymakers while negotiations are underway among world trading partners to further reform agricultural trade.

Script from the WBAP-TV/NBC station in Fort Worth, Texas, relating a news story of rescue operations which have resumed in Ireland in an attempt to free a mini-submarine with two men abroad that's trapped on the ocean floor. Federal grand jury indictments returned in Houston accuse 13 steel companies of conspiring to restrain trade in Texas.

Script from the WBAP-TV/NBC station in Fort Worth, Texas, relating a news story of AFL-CIO president said that Americans obey the law when they know those entrusted with its enforcement also obey it. Tropical storm Christine is moving across the Atlantic Ocean. A women noticed cars swerving to miss a large box she decided to go pick it up. Rescue operation have resumed in Ireland.

Script from the WBAP-TV/NBC station in Fort Worth, Texas relating a news story about a hijacked airliner Boeing 707 is going to land in Ireland, Shannon Airport.