EU Energy Policy

New report to feed into ETS price debate

The European Union could be much more ambitious about reducing carbon dioxide emissions between now and 2020 with minimal economic costs, according to new research by Bloomberg New Energy Finance (BNEF). Most Central European countries would benefit from the move via selling surplus carbon allowances to more developed EU countries, it said.
By Energy Monitor 30 April 2012 0 9395

The European Union could be much more ambitious about reducing carbon dioxide emissions between now and 2020 with minimal economic costs, according to new research by Bloomberg New Energy Finance (BNEF). Most Central European countries would benefit from the move by selling surplus carbon allowances to more developed EU countries, it said.

The analysis, released on Thursday, found it would cost an extra €3.5 billion ($4.6 billion) on average per year for the EU as a whole from 2011 to 2020 to increase its 2020 carbon...