The EU carbon price has, of course, dropped with the recession. It's a concern that this low price will stifle investment in CCS - after all what is the requirement to invest in CCS if the abatment cost (per tonne) is more than the cost of an emission allowance from the open market?
The report is that Ed Miliband is seeking to implement a floor in the price of carbon, therefore ensuring that the price does not drop too far.
Ofcourse this isn't popular - it will cost some people money (but make money for those people with allowances to sell, such as steel producers).
I doubt things will change.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment