Bloomberg news reports that European Union carbon permits dropped to their second-lowest close ever, after the bloc canceled an auction of permits for the first time as bids failed to reach a secret reserve price.
The sale was called off because the price would have cleared “significantly” below the prevailing
Those who fly or are planning to fly to Europe nowadays will find that there is a heavy tax to pay loosely called environmental fees. European rules forcing all airlines to pay for carbon emissions are within the law, an adviser to Europe’s highest court said on Thursday (October 6), in the latest stage of a bitter battle
European efforts to curb carbon emissions may have actually encouraged construction of traditional coal-fired power plants in Germany, according to a new study by the Potsdam Institute for Climate Impact Research.
To promote the use of cleaner energy sources, the European Union in 2005