| Just 3 million CO2 allowances were allocated to new or expanding installations in the EU’s carbon market over the past six months, representing less than 1% of the total pot of permits put aside for these so-called ‘new entrants’, the European Commission said.
The figures, a testament to the slow growth currently being experienced by Europe’s energy and industrial sectors, show that some 80% of the EU’s New Entrants Reserve (NER) remains unclaimed at the start of 2016 – the fourth year in the scheme’s eight-year third trading phase...............................................Full Article: Source |