Crunch is 'no excuse' for climate slowdown

Wood, Janet
October 2008
Utility Week;10/17/2008, Vol. 29 Issue 22, p14
Trade Publication
The article reports that the European Parliament's environment committee gave a clear statement in October 2008 that the credit crunch would not push climate change off the agenda. The committee voted in favour of binding renewable energy targets and the auctioning of allowances in the Emissions Trading Scheme (ETS). The package, to be taken forward to negotiations with the Council of Ministers, includes using ETS allowances to fund demonstration projects for carbon capture and storage (CCS) and plans to limit carbon dioxide emissions from power plants.


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