02 April 2008 15:11 [Source: ICIS news]
PARIS (ICIS news)--Carbon dioxide (CO2) emissions from factories and power stations in the European Union Emissions Trading Scheme (EU ETS) rose slightly in 2007 compared with 2006, according to initial incomplete data published by the European Commission (EC) on Wednesday.
This figure has surprised the market, offering a bullish signal for phase II prices, as traders had predicted the final figures for 2007 to be slightly lower than those from 2006 because of a mild winter and slowing economy.
Installations covered by the trading scheme have so far reported emissions of 1,883.6 million tonnes CO2 - excluding ?xml:namespace>
The EC said the data covered 94% of the 10,500 installations across the region included in the ETS.
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