04/02/10

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According to just released EU figures, CO2 emissions from industry sectors covered by the ETS have dropped by 11 percent over last year. This, we are told, is on top of a six percent fall the previous year, leaving industry users with a massive surplus of EU CO2 emission permits. The effect is mainly due to the recession, although the increased use of gas rather than coal and fuel oil for electricity generation has contributed to the downturn in emissions.

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