Wednesday, 11 April 2007

Report: EU Should Auction CO2 Permits

A study produced at Oxford University recommends that companies should have to bid for their CO2 pollution permits under the European emissions trading schem

According to the Financial Times, Robert Ritz's study shows that governments could raise significant revenue and establish a clearer price for carbon by auctioning most pollution permits in the 2008-2012 period, instead of giving 90% of them away for free, as was done for the current emissions trading period.