Posts tagged ‘CO2 Emissions’

EU Carbon Market Rallies On 2007 EU Carbon Dioxide Emissions Data

pollution.jpgThe European Union’s heavy industry carbon dioxide emissions during 2007 reached around 1.914 billion metric tons according to data released Wednesday. The numbers were 93% complete, because some of the 10,500 companies registered on the Europe’s carbon trading platform had failed to meet the March 31 submission deadline. Prices on the secondary carbon market rallied on the news Wednesday. The price of benchmark European Union Allowances (EUAs) futures increased 88 cents, a 3.9% rise.

The numbers are important for traders on the European Climate Exchange, who take guidance from the level of actual carbon emissions to gauge what demand for offsets is likely to be.

April 7, 2008 at 1:17 pm 1 comment



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