Thu, Oct 30, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Environmental Trading more

EU to approve change to emissions program

Posted on 10 December 2013

European Union lawmakers are set Tuesday to approve a long-sought fix to the bloc’s struggling system for trading carbon-emission rights as Germany and other nations have recently indicated support for the plan to make it more expensive to pollute.
The Emissions Trading System was designed to put a price on greenhouse-gas pollution by utilities as the bloc seeks to cut carbon-dioxide emissions by 20% by 2020 versus 1990. But because of an initial oversupply of the emission rights and Europe’s economic slowdown, a surplus of roughly two billion credits has sent their price to €4.50 ($6.17) per metric ton now from a high of nearly €30 per ton five years ago………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37718 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031