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EU Considers Setting Aside Carbon Permits for New Technologies
2010-09-14 12:35:35.657 GMT
By Ewa Krukowska
Sept. 14 (Bloomberg) -- The European Union may set aside
carbon allowances in its cap-and-trade program for companies
that invest in new emission-reduction technologies, Climate
Commissioner Connie Hedegaard said.
"We're working on what we're calling an innovation
accelerator," Hedegaard told a briefing in Brussels today.
"We think there are some areas where the likelihood is a
surplus of allowances that could be handed out to those who
invest in totally new technologies."
The European trading system, started in 2005, caps
emissions for more than 12,000 factories and power stations,
allowing them to buy and sell allowances.
"This is one of the ideas we're exploring: If there are
surplus allowances, how they could be used to benefit those, who
are moving in the right direction," Hedegaard said, declining
to elaborate.
For Related News and Information:
Emission market news NI ENVMARKET <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
--Editors: Mike Anderson, Randall Hackley.
To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-2-237-4331 or
ekrukowska@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
