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EU Manufacturing Reaps $2.5 Billion Permit Win: Carbon & Climate

2014-10-07 11:49:26| Appliances - Topix.net

European factories are poised to pocket a windfall of about $2.5 billion a year as utilities rush to buy emissions permits from manufacturers who get them free. Power producers from RWE AG to Vattenfall AB, Europe's biggest greenhouse-gas emitters, will have to purchase about 200 million permits a year from plants through 2016, or about four times 2013 levels, according to Bloomberg New Energy Finance in London.

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