Emissions from factories and power stations in the European Union carbon market rose 3.5 percent last year as freezing weather boosted energy consumption, according to preliminary data.
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EU Says Aviation Organization Recognizes European Carbon Market
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The European Union claimed a diplomatic victory at an international aviation meeting, saying the participants accepted the EUs plan to cap emissions by domestic and foreign airlines serving Europe as of 2012.
Mercuria Questions Need for Multipliers in EU Carbon Market
May 6 (Bloomberg) — Mercuria Energy, the Geneva-based trader of oil and emission credits, questioned the need for multipliers in the European Union carbon market that would require the import of extra United Nations credits.
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Loophole breeds speculation in EU carbon market
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AFP, 29 April 2009 – A legal loophole is allowing traders to influence the price of carbon permits in Europe’s emissions trading scheme, and indirectly wholesale electricity prices too.
EU carbon market viable in 2008
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The EU Emissions Trading Scheme (EU ETS) delivered a shortage of emissions permits compared to emissions for the first time last year, despite a savage economic downturn that hit industrial production in the second half of the year.