“EU Factories Facing First Carbon Shortfall Since 2008”



European rules to curb the record glut of carbon permits are raising the prospects of a shortage for manufacturers from Dow Chemical Co. to HeidelbergCement AG.

Companies in Europe, which need allowances to match their emissions output, will be short of as many as 100 million permits a year through 2016, according to Goldman Sachs Group Inc. The gap, worth 647 million euros ($884 million) at yesterday’s prices, compares with a surplus of 2.1 billion euros in 2012, EU data show. Carbon futures may more than double by next year to 15 euros a metric ton amid the curb, said UBS AG.


Wonder how much of Goldman Sachs $40 billion clean energy budget is invested in carbon emission permits that are set to double in year?

It looks as though the EU strategy of raising emission permit prices so that companies are forced to physically invest in emission reductions rather than buying permits is starting to kick in.



Tags: , , , ,

About isabellew9873

My name is Isabelle Whitehead. I was a member of the Bolton School group on the Operation Wallacea 2015 expedition to Peru.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: