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EU carbon permit surplus doubles in 2012

2013-05-18 11:10:00| Climate Ark Climate Change & Global Warming Newsfeed

Financial Times: The surplus of permits in the EUs carbon market more than doubled last year to 2bn, according to fresh data that Brussels hope will rally support for its controversial plan to boost carbon prices. The data released by the European Commission, the EUs executive arm reveal that free permits given over the past five years to makers of steel, glass, cement and other heavy industries exceeded their carbon emissions during that period by nearly 300m tonnes. Under the rules of the EUs flagship...

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