25 Feb 2011 10:02:13
EU industrial CO2 emissions 'expected to have increased in 2010'
Analysts expect industrial CO2
emissions in the European Union (EU) to have risen in 2010 but remained below 2008 levels.
Speaking to Reuters, experts said they expect to see an increase of between two and four percent in emissions for last year when the European Commission publishes its annual figures in April.
Currently the EU is aiming for a 20 percent reduction in CO2
emissions by the year 2020, however there are calls to raise this to 30 percent.
In 2009 emissions from industry dropped by almost 12 percent, although this is generally attributed to the decline in economic activity brought on by the recession.
The European Environment Agency predicted when it released its 2009 figures that "economic recovery may result in higher emissions in 2010 ... or at least less rapid emissions cuts".
Barclays Capital analyst Trevor Sikorsk told Reuters he expects to see a four percent increase in emissions.
"It was a mixed year with some industrial output going up, others down, and not a huge improvement in power demand across the bloc as a whole," he said.
Mr Sikorsk added higher gas prices in 2010 encouraged more burning of coal.