The EU has announced tough cuts in carbon emissions targets for Phase II of the ETS (2008-2012), particularly for those countries which did not themselves propose sufficiently tough targets, according to this BBC Report.  Countries, such as the UK, who were tougher on their national industries in Phase I of the ETS, have this time escaped the wrath of Brussels.   Prices of CERs will likely rise on the news.

UPDATE:  Well, prices fell. . . .

Technorati Tags: carbon emissions, ETS, CERs

This entry was posted on November 30th, 2006 at 15:55 (GMT) and is filed under Carbon Prices, EC Policy, Policy, UK Energy Policy . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.