News
Gas Bill- For German Firms, New Emission Caps Roil Landscape
NIEDERAUSSEM, Germany -- Last year, to help combat global warming, Europe started charging industry for the right to spew hot air. For the first time on such a scale, governments slapped limits on the carbon-dioxide emissions of power plants, steelworks and other factories. Companies exceeding the caps have to buy CO2 "allowances" that trade on a European market.
Because CO2 emissions now carry a cost, Germany's largest utility, RWE AG, is spending to improve the efficiency of its aging coal-fired power plants, including its biggest power station here in the country's industrial heartland.
September 11, 2006
by Jeffrey Ball
in Wall Street Journal
To Prepare for Kyoto Protocol, EU Embarks on Road Test; Industry Responds, Slowly
The Price of Electricity Jumps
NIEDERAUSSEM, Germany -- Last year, to help combat global warming, Europe started charging industry for the right to spew hot air. For the first time on such a scale, governments slapped limits on the carbon-dioxide emissions of power plants, steelworks and other factories. Companies exceeding the caps have to buy CO2 "allowances" that trade on a European market.
Because CO2 emissions now carry a cost, Germany's largest utility, RWE AG, is spending to improve the efficiency of its aging coal-fired power... [continue via Web link]
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