Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

16 Oct 2008 05:10:47

Emissions will shrink in downturn



Emissions will shrink in downturn
Carbon emissions in the EU will drop as a result of a predicted contraction in the region's economy, according to Deutsche Bank analysts.

A research note from the bank claimed that a recession will reduce the industrial carbon dioxide emissions from existing installations by about 100 million tonnes in 2009 compared to 2007.

As a result, demand for emissions permits in the European Emissions Trading Scheme (ETS) would drop along with prices.

Under the ETS, the highest polluting industries such as electricity generation, mineral processing, iron and steel producers and pulp and paper processing have to buy permits to emit greenhouse gases.

A 'cap' is set on the total amount of emissions permitted from installations covered by the scheme.

The total amount is converted into allowances - one allowance is equivalent to one tonne of CO2 – which are distributed to the installations.

Participating installations are obliged to show they have enough allowances to cover their emissions at the end of the year. During the year they can buy allowances from other firms or sell their own surplus.

The contracting economy has caused Deutsche Bank to revise its forecast price of allowances from €40 (£31) to €30.

http://www.defra.gov.uk/environment/climatechange/trading...


ADNFCR-1235-ID-18830545-ADNFCR


Discussion Thread  

 


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. A bungalow in Stoke is home to three elderly residents who need a constant and reliable source of...

  2. Energy Gap UK Ltd Organisations

    EGUK is a dedicated waste recovery and gas production company, formed to...

  3. Global policy on climate change should take human behaviour into account or else energy...

    15 May 2009
  4. Carbon footprinting services Products & Services

    Organisations are increasingly being asked to report what they are doing to reduce their carbon...

  5. Environment secretary Hilary Benn has confirmed a new multi-million pound fund aimed at promoting...

    05 Nov 2008



Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.