Fri, Dec 19, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Environmental Trading more

Europe loses credit as carbon trading scheme dwindles away

Posted on 16 May 2013

Launched in 2005, the European Union’s emissions trading system represented a huge step forward in the fight to curb global warming. Under the scheme, some 5,000 companies generating half of the EU’s greenhouse gas emissions must surrender a carbon permit for each tonne of carbon dioxide (CO2) they emit.
Some factories receive permits for free, while most power firms buy them from companies with a surplus or from state-backed auctions held almost every day. The higher the price of the permits, the higher the cost of polluting…………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031