. Medical and Hospital News .




ENERGY NEWS
EU lawmakers to vote on reform of 'polluter pays'
by Staff Writers
Brussels (AFP) May 07, 2013


EU lawmakers will vote again on controversial plans to make polluters pay more for the greenhouse gas emissions blamed for global warming, after narrowly rejecting the proposal last month, a top MEP said on Tuesday.

The European Parliament's Environment Committee will issue a new report on June 19 on the plan to freeze pollution credits covering 900 million tonnes of carbon dioxide emissions, committee head Matthias Groote said on his Twitter account.

The "report will then be submitted to a vote in (parliament's) July plenary session," Groote added.

The European Commission, the EU's executive arm, wants the freeze so as to force up the price of the pollution credits companies are required to buy to cover their CO2 emissions.

Prices are currently so low that companies are happy to pollute and pay for the credits rather than invest in the cleaner technology the Commission wants them to introduce as part of efforts to curb pollution.

The Commission says that if prices can be increased, companies will then see it is cheaper in the long-run to upgrade their technology.

Last month, the European Parliament voted 334 against the planned freeze, with 315 for and 63 abstentions, sparking another plunge in pollution credit prices and calling into question the future of the EU's Emissions Trading System (ETS).

Many MEPs condemned as a matter of principle what they said were Commission efforts to intervene in the market while the higher prices would only hurt industry at a time when the struggling economy needs all the help it can get.

Environment ministers of nine EU member states -- among them Britain, France and Germany -- meanwhile reiterated their support for the freeze in a letter Tuesday.

The freeze "constitutes a short-term solution pending a reform of the ETS," German Environment Minister Peter Altmaier said in the letter.

Analysts said that the credits freeze, covering the period 2013-15, is at best a stop-gap solution.

"The CO2 emissions market has crashed, with the price plunging to less than three euros per tonne," one analyst said.

Even if the freeze is approved in July, it will at best push the price up to six or seven euros, well short of the 30 euros required to get the ETS working properly.

"That will allow the patient to be stabilised, then cared for," the analyst added.

The ETS was set up with the aim of cutting greenhouse gas emissions by some 20 percent between 2005 and 2020.

.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





ENERGY NEWS
Researchers estimate a cost for universal access to energy
London, UK (SPX) May 07, 2013
Universal access to modern energy could be achieved with an investment of between 65 and 86 billion US dollars a year up until 2030, new research has shown The proposed investments are higher than previous estimates but equate to just 3-4 per cent of current investments in the global energy system. The findings, which have been presented today, 3 May, in IOP Publishing's Environmental Res ... read more


ENERGY NEWS
Even Clinton couldn't get Led Zep to Sandy show

Brother admits defeat in tragic Bangladesh search

New York's Sandy lesson: evacuate and get boats

Global networks must be redesigned

ENERGY NEWS
Spatial Dual Offers Dual Antenna For GNSS/INS

Raytheon completes second launch exercise for next generation GPS satellites

Sagetech Delivers NextGen Technology for Satellite Constellation

Russia launches latest satellite in its global positioning system

ENERGY NEWS
Gentle touch and the bionic eye

Printable 'bionic' ear melds electronics and biology

CNIO researchers 'capture' the replication of the human genome for the first time

For ancient Maya, a hodgepodge of cultural exchanges

ENERGY NEWS
Sumatran orangutans' rainforest home faces new threat

Quantum-assisted Nano-imaging of Living Organism Is a First

Outrage over China tiger abuse

Vietnam, S.Africa target illegal rhino hunters

ENERGY NEWS
Basic disinfectant could halt bird flu spread: study

Feuding antibodies blocked HIV vaccine

Fears for man-made bird flu bug

China reports 27th death from H7N9 bird flu

ENERGY NEWS
New attention on old China poisoning case

China officials holding secret sauna parties: state media

Cancer victim with jailed family faces China land battle

China hands down death sentences in lending crackdown

ENERGY NEWS
Report: Belgian army sold helicopters to firm linked to trafficking

US feds 'kidnapped' suspected druglord: Guinea-Bissau

US ships look to net big contraband catches in Pacific

US court convicts Somali pirates in navy ship attack

ENERGY NEWS
Walker's World: Paris vs. Berlin, again

HSBC says Q1 net profit more than doubles to $6.35 bn

India's startups lacking guardian 'angels'

Outside View: Europe's depression




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement