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

The Low Carbon Economy Ltd

02 Mar 2009 05:03:05

EU ETS ‘working’



EU ETS ‘working’
Emissions from large carbon dioxide emitters declined by three per cent in 2008, according to a new study.

Companies that monitor and report their emissions as part of the Emissions Trading Scheme (ETS) emitted 2.1 gigatonnes (Gt) in 2008, a reduction from the previous year resulting largely from the trading scheme, claimed research firm New Carbon Finance.

The report noted that while the declining economy was responsible for some of the emissions reduction, the ETS had also achieved its goal of reducing company emissions.

While the amount of electricity generated in 2008 rose 0.3 per cent, CO2 emissions from the power sector decreased by two per cent to 1.5Gt. According to the report this was achieved as a result of an increased use of natural gas rather than coal and lignite.

Other factors included more renewable and nuclear energy availability and high prices for carbon emissions allowances in the ETS.

Emissions from heavy industry dropped by five per cent in 2008, largely as a result in the downturn in construction and manufacturing.

The ETS system has been criticized for giving emission allowances to companies for free.

http://www.newcarbonfinance.com/?p=about&i=freereports


ADNFCR-1235-ID-19053198-ADNFCR


Discussion Thread  

 


The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. Asia Pacific Takes the Baton from North America to Lead Global Market The report states that...

    17 Aug 2016
  2. You can find a current record of my research and driving experiences here ......

  3. It seems to me that one of the hardest parts of transitioning to a low carbon economy may be the...

  4. The HeatKing air source heat pump range, now MCS (Microgeneration Certification Scheme)...

  5. Newbury 22 October 2008 : With tough EU emissions targets announced on Friday, attention has been...




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.