FEARS GROW OVER FUTURE OF EU EMISSIONS TRADING

摘要

Prices for carbon credits under the European Union's Emissions Trading Scheme (EU ETS) recently plunged to new depths and to less than a tenth of their peak valuation of €30/tonne, seen in the heady distant days of spring 2006. The cause: a vote by the European Parliament to reject proposals on shoring-up the price by means of holding back some 900 million tonnes of allowances until later. In Europe the industrial energy demand slump has brought with it a glut of credits, and the so-called backloading proposals would have seen allowances from 2013-2015 postponed until the 2019-2020 period.