1 February 2013 – Half EU Carbon Glut Caused by High Prices, Climate Mundial Says – Bloomberg

The oversupply of EUAs, which will reach about 1.8 billion metric tons by April, was formed when factories and power stations reacted to the start of the world’s biggest carbon market in 2005, Daniel Rossetto, managing director of Climate Mundial in London, which advises in emission markets, said in a report dated Jan. 23. They retrofitted boilers, installed heat-recovery systems, improved lighting and insulation to cut energy use and the need for emission allowances, he said.

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