Sat, Apr 18, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Environmental Trading more

EU toughens carbon trading system

Posted on 09 January 2014

It will become more expensive for businesses in the European Union to burn fossil fuels this year after the 28-country bloc decided Wednesday to beef up its carbon trading system. The agreement ended a year of bickering over how to amend what is Europe’s prime tool in the fight against climate change and the world’s biggest emission trading system.
Under the cap-and-trade scheme, companies pay per ton of carbon dioxide they release into the atmosphere, with the pollution certificates traded on the market. The EU now decided to postpone the sale of 900 million additional carbon allowances — a move that will tighten supply and likely drive up prices of carbon allowances by 10 to 15 per cent, according to analysts………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40108 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2015
S M T W T F S
« Mar    
 1234
567891011
12131415161718
19202122232425
2627282930