Tuesday, 16 April 2013

Over 40 European power producers, plant manufacturers make case for backloading to help prop up carbon price

On the eve before the European Parliament's vote on backloading – a measure deemed crucial for the future of EU emissions trading - over 40 power producers and technology developers including Areva, Alstom, EDF, EnBW, E.on, GDF Suez, GE, Shell and Statkraft, have made a strong case in favour of the proposal, arguing current carbon price levels at 4-6 €/ton are "insufficient to stimulate investments in low-carbon power generation.

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