FinSoul has learned of the latest report by London based New Energy Finance, a specialist provider of information and research on renewable energy and low carbon technology, indicating that the EU’s ETS is changing the way European power firms are thinking.
"With the EU ETS starting to affect not just operating schedules but the plant mix itself in the European power sector we would expect carbon emissions to start to fall over the next 5-10 years,” FinSoul believes the report says.
It goes on to say that due to the scheme CO2 emissions from the power sector will see a 24% drop on business-as-
The ETS compels power companies to purchase carbon permits to cover their greenhouse gas emissions. The carbon trading industry has seen prices halve from almost 30 euros as a result of the global economic crisis, FinSoul believes.
The report was compiled after surveying 13 major European power companies, representing 54% of power sector emissions in the EU ETS, and showed that 85% of power generators are factoring a carbon price into their investment with most running several future positive scenarios.
