“Warm Weather Sinking EU Emissions-Market Plans”

warmweather

http://www.bloomberg.com/news/2015-01-14/warm-weather-sinking-eu-emissions-market-plans.html

Europe’s attempt to revive its carbon market is being thwarted by a lack of pollution.

The region’s warmest year in three decades has cut demand for heating, while utilities are generating a record amount of power from renewables and the ailing economy is crimping manufacturing. Electricity producers will need only about a third of the extra carbon permits being sold in 2015, according to data from Markedskraft ASA, a consultant in Arendal, Norway.

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About isabellew9873

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

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