Follow on Google News News By Tag * Alternative Energy * Green Energy * Carbon Trading * Renewable Energy * Alternative Investment * Carbon Offsets * Environment * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | CoolPass Inc. Nuclear halts could see carbon permit prices climb by up to 15% says New Energy.EU carbon prices could increase by as much as 15% in the next 8 years through 2020 if Germany decides to permanently halt extended use of its nuclear facilities.
By: CoolPass Carbon, natural gas and power have reached their highest prices since 2008 in recent days after Germany announced its intention to close its nuclear program and as the EU worked to finalize rules for phase three of its emissions trading scheme. The European Union’s carbon trading program is the world’s largest by traded volume. An increase in fuel prices as a result of the disaster has already added €1.30 to the earlier price forecast CoolPass believes Cowie said in a research note. The closures for the next three months alone, for planned safety checks, are likely to add another 10 cents per ton to the carbon price he added. Cowie went on to say that permanent closure of the seven German reactors and the assumption that half the extensions on the remaining 10 are terminated, would add another €1.90 to the forecast. Terminating all the German extensions pushes the forecast up an additional €1.70, CoolPass was told. German Chancellor Angela Merkel has told CoolPass that she doesn’t intend to close all of the country’s nuclear reactors as a result of the nuclear crisis in Japan. In a recent speech to lower-house lawmakers in Berlin, Merkel said her decision to close the nation’s seven oldest nuclear facilities for three months while checks were carried out on the industry was guided by the principal of “safety first.” # # # We sell the retirement of carbon offsets on your behalf so that they are removed from circulation forever. By retiring the offsets, CoolPass insures that the underlying CO2 is never traded again and that the result is a positive environmental impact. End
|
|