European Union government revenue from carbon permit auctions may increase by an average 51 percent in the three years

CO2 Fix May Boost State Revenues by Half, EU Note Shows


Excerpt:

European Union government revenue from carbon permit auctions may increase by an average 51 percent in the three years to 2015 should member states approve a plan to delay some sales, according to an EU document.

The measure drafted by the European Commission to postpone selling 900 million allowances until 2019-2020 would boost the cost of emission permits in the EU market to 10 euros a metric ton in 2013, compared with a scenario where no volumes are postponed, according to the document obtained by Bloomberg News. Poland, which opposes the proposed EU strategy, said its own analysis showed it will cut revenue for some central and east European countries.

At stake are prices in the world’s biggest cap-and-trade emissions system after they plunged 76 percent since the beginning of 2008 as the economic crisis hurt industrial output.

The proposed stopgap measure, known as backloading, would alleviate oversupply which swelled to almost half of the average annual pollution limit in the 27-nation EU amid the downturn.

“Backloading is expected to deliver positive fiscal impact for member states in times of austerity,” Isaac Valero-Ladron, climate spokesman for the commission, said today by e-mail. “Fiscal impact is one element considered by member states in forming positions on back-loading.” bloomberg.com/

Comment

You need to be a member of 12160 to add comments!

Join 12160

24 or more hours of member activity


WATCH LIVE: BREAKING NEWS: Cops Chase Hundred Cars in Oakland

Live Stream VIDEO: Protesters #Ferguson protesters being lined up & cuffed in downtown LA -

WATCH LIVE: Ferguson Continues to Protest

Please remember this website is supported by your donations...

12160 NEWS new management/admin info

Meet Ferguson Police Officer Darren Wilson - a total asshole NEWLY POSTED VIDEO 12160.info/page

Report an Issue

Forum

KENNESAW GEORGIA MOSQUE ISSUE

Started by consumer activist in Current News/Events. Last reply by consumer activist 39 minutes ago. 2 Replies

can i share this and get you guyses opinion?

Started by michael sean in General Mayhem. Last reply by michael sean 7 hours ago. 4 Replies

Ferguson -- "Black Lives Matter: -- Correction

Started by Modern Feudal Serf in Current News/Events. Last reply by Damonne Travis 8 hours ago. 2 Replies

© 2014   Created by truth.

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2014 - all rights reserved. unless otherwise noted
var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-48719234-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();