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Raise the price of producing carbon dioxide, says Lib Dem minister

Posted on 09 October 2012

Ed Davey, the climate change minister, calls for 30% EU carbon reduction target by 2020, far tougher than the existing 20%. The EU should raise the price to businesses of producing carbon dioxide to reduce greenhouse gases and improve efficiency, the Liberal Democrat energy and climate minister told a conference in London on Monday.
Ed Davey said the price to businesses was too low, because companies had been awarded an excess of permits to produce carbon under the EU’s emissions trading scheme, far greater than the number they need………………………………………..Full Article: Source


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