EU ETS: continuing decline in emissions but growing surplus of allowances in 2012
Allowance surplus doubled in 2012
The surplus of emission allowances almost doubled from around 950 million at the end of 2011. A combination of the use of international credits, auctioned phase 2 allowances and remaining allowances in the new entrant reserve, sales of phase 3 allowances to generate funds for the NER300 programme and early auctioning of phase 3 allowances resulted in a cumulative surplus of almost two billion allowances by the end of 2012.
Connie Hedegaard, European Commissioner for Climate Action, said: "The good news is that emissions declined again in 2012. The bad news is that the supply-demand imbalance has further worsened in large part due to a record use of international credits. At the start of phase 3, we see a surplus of almost two billion allowances. These facts underline the need for the European Parliament and Council to act swiftly on back-loading."
From: http://ec.europa.eu/clima/news/articles/news_2013051601_en.htm
No comments:
Post a Comment