Can the EU Emissions Trading Scheme survive Europe's debt crisis?
Carbon prices under the European Union Emissions Trading Scheme have dropped dramatically this year and are widely expected to remain low for some time. Jay Maroo looks at the implications of this for the market as it approaches its third phase in 2013
The price of carbon under the European Union Emissions Trading Scheme (EU ETS) has dropped considerably this year and looks set to remain low throughout 2012 and beyond. To maintain confidence in the scheme as a method of lowering carbon emissions and triggering investment in clean energy, experts say the issue of oversupply of credits needs to be addressed and changes need to take place in the next phase of the scheme – phase three – which starts in 2013.
The price of an EU ETS carbon credit –
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