EU Emission Reduction Goal of 30% Less Costly than Envisaged
1st Feb 2012 by Madlen King
The EU Commission, on Monday, issued their cost-benefit analysis of moving to a 30% target. The paper, concludes that due to: the effect of the EU’s climate change policies and measures implemented between 2005 and 2008; higher energy prices; and the economic crisis, faster emissions reductions have been achieved in the region than were originally [...]
The first day of Carbon Forum Asia (CFA) coincided with Certified Emission Reduction (CER) prices reaching a new low in Europe – the key driver for the Clean Development Mechanism (CDM) in Asia and the area of most interest to participants. But whilst the short term outlook is currently challenging, conversations in the conference hall [...]