Businessweek (US): The Top European Business Stories of 2007 - by Andy Reinhardt
The Top European Business Stories of 2007 - by Andy Reinhardt
From the launches of the Airbus A380 superjumbo jet and the Apple (AAPL) iPhone to the U.S. subprime mortgage crisis and its financial aftershocks, 2007 was an eventful year for business in Europe.
You might call 2007 the Year of Carbon, at least in the sense of the public's rising awareness of global warming and the planetary impact of carbon emissions. Indeed, we noted early in the year how consumers and companies were latching onto carbon offsetting to boost their green quotient. The U.N.'s startling climate change report in April only added to the sense of urgency. Europe got off to an early start with its carbon trading system, which was hailed as a success in May, though the cost of carbon credits later plunged due to oversupply. By the end of the year, the Euronext stock exchange announced that it plans to launch a carbon trading market in 2008, when new regulations go into effect.
