EU CO2 Emission Prices Hit New Record High

By stoat on April 13, 2006.

The EU has an emissions trading regime (must find out about this sometime), and apparently prices are up... EU CO2 Emission Prices Hit New Record High says Planetark. Higher gas/oil prices makes burning coal more economical, which is more CO2 intensive, so quota prices rise. And its been dry so hydropower is down. Time for the Severn barrage!

Still, I wonder what fraction of the price 30E/tonne is.

Tags
climate economics

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Funny that, you just never hear about the Severn Barrage anymore even though it could produce about 7% of UK electricity, I thought.