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EU energy chief favours carbon at 12-18 eur/t

Posted on 17 May 2012

European carbon prices should be at least twice their current value of just over 6 euros ($7.66) a tonne in order spur investment in cleaner technology, EU Energy Commissioner Guenther Oettinger said on Wednesday.
Europe’s recession and fiscal crisis has crippled prices in the European Union’s Emissions Trading System, meaning carbon prices are providing little incentive for utilities and other heavy polluters to move to greener production of electricity, steel or cement………………………………………..Full Article: Source


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