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LONDON, May 5 (Reuters) – The deepening European recession prompted Deutsche Bank to cut its 2009 carbon emissions estimates on Tuesday, but emissions permit prices should rise over the next year, the German bank said in a note on Tuesday.
Deutsche Bank analyst Mark C. Lewis revised his 2009 European Union industrial emissions forecast to 1.97 billion tonnes of carbon dioxide, down 50 million from a previous estimate of 2.02 billion and 150 million below 2008 estimates of 2.12 billion.
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Posted on May 8, 2009 · in Europe
A cabinet advisory group in British Columbia has asked the government to think about if needed to meet emissions reduction target. Amongst the 30 other suggestions by the are a strict cap on industrial emissions and inclusion of GHG emissions in the tax.
The team also suggested labeling for houses and buildings to show how much energy efficient they are. said the government would seriously take into account all suggestions and would allow people to give their comments for 60 days.
“We will invite the public to submit their comments, suggestions and ideas, and by the end of this year, I will be setting into regulation what the interim reduction targets are for 2012 and 2016,” he said.
Posted on August 7, 2008 · in Carbon Market News
