Carbon Emissions are Too High in Europe

January 28, 2008

Carbon Emissions are Too High in Europe

If this wasnt bad enough, RWE are suing the EU for an increase in their already overgenerous carbon emissions allowance. Theyre also lobbying governments for a new generation of nuclear power stations.

Under the UK governments Renewables Obligation, electricity suppliers have to buy a set amount of their energy from renewable sources. They get Renewables Obligation Certificates to prove theyve bought enough. Those whove bought too little renewable electricity can buy spare ROCs off suppliers whove bought above the threshold or else pay a fine (proceeds of this buy-out fund get split among ROC holders).

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