carbon action

Policy Update:

UK scraps Longannet CCS project funding
The British government has cancelled plans to fund a carbon capture and storage (CCS) demonstration project at Longannet in Scotland,according to the Department of Energy and Climate Change (DECC).

UK free EUA allocation to fall 65 pct in 2013:
The number of free EUAs the UK will hand out in 2013 will fall by 65 percent to 75.1 million carbon permits worth 853 million euros ($1.2 billion), as most power generators will be forced to pay for all the permits they need, a draft allocation list seen by Point Carbon News showed.

Corporate:

Investors worth $20 trillion call for binding climate treaty
A group of 285 investors representing $20 trillion called on G20 leaders and U.N. climate negotiators Wednesday for domestic legislation and a legal international climate agreement to attract private capital to stimulate low-carbon growth.

Finnish power sector emissions crash 13.4 pct
Emissions from Finland’s electricity sector plummeted 13.4 percent in the first nine months of the year as power consumption declined and more energy was sourced from nuclear and renewable plants, which will likely curb demand for CO2 permits.

www.pointcarbon.com, 2011