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Commodities Briefing - Categorized | Energy, Environmental Trading more

EU to urge energy efficiency, allow carbon set-aside option

Posted on 08 March 2011

From Bloomberg: The European Union will recommend stepping up its energy savings and offer the option of withholding carbon permits to curb a surplus in its emissions- trading system, three people familiar with the matter said.
The EU may exceed its current goal and lower carbon discharges by 25 percent in 2020 compared with 1990 levels if it delivers on commitments to save energy and boost the use of renewables, curbs emissions from transport and invests in low- carbon infrastructure, said the people, who declined to be identified, citing EU policy……………………………………….Full Article: Source

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