30 Dec '13, 11am

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High carbon investments continue to be economical in Europe, despite the continent’s ambition to limit global warming below 2˚C. This is partially due to the fact that the EU has failed to set a binding emission target for 2030, on the back of resistance from coal-reliant Poland. The other main reason is the fall of the European carbon price which dropped from around 30 euros in 2008 to single digit levels in 2013. A result of the financial crisis and Europe’s unexpectedly strong growth in renewables, the low carbon price reflects the fact that EU’s aim to limit emissions to 20 percent below 1990 levels is too easy to meet. Low carbon prices and a lack of emission targets beyond 2020 have left investors little incentive to promote low-carbon technologies. The EU thus risks locking its energy infrastructure in highly emitting technologies which are inconsistent with the its...

Full article: http://www.triplepundit.com/2013/12/lawmakers-act-raise-e...

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