Energy and Environmental Management: The UK has called on the EU to cancel supply of up to 1.8bn CO2 permits in the Emissions Trading Scheme, to force carbon prices higher and encourage the private sector to invest in technology that cuts emissions. The European Commission is proposing to delay the sale of up to 1.2bn permits over the next three years to double current prices of about 8 euros, thereby encouraging investment in renewable energy and carbon capture and storage plants. Its plan is to introduce the permits into the market...
URL: http://www.eaem.co.uk/news/uk-calls-eu-cancel-18bn-carbon-permits
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