{"id":3234,"date":"2014-12-19T06:22:28","date_gmt":"2014-12-19T11:22:28","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3234"},"modified":"2014-12-19T06:22:28","modified_gmt":"2014-12-19T11:22:28","slug":"polluting-is-getting-expensive-in-europe-again-carbon-climate-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3234","title":{"rendered":"Polluting Is Getting Expensive in Europe Again: Carbon & Climate – Bloomberg"},"content":{"rendered":"

Polluting Is Getting Expensive in Europe Again: Carbon & Climate – Bloomberg<\/a>.<\/p>\n

The surge in European carbon permit prices may just be beginning.<\/p>\n

The price of emission rights will rise 62 percent by June 30, according to the median of 16 trader and analyst estimates compiled by Bloomberg. UBS Group AG says costs may more than double in 2015. Carbon already jumped 44 percent this year, while the 22-member\u00a0Bloomberg Commodities Index (BCOM)<\/a>\u00a0slid 14 percent.<\/p>\n

The 28-nation European Union is tightening supply in the 40 billion-euro ($50 billion) emissions market after a glut caused prices to collapse to levels that don\u2019t deter the burning of coal, the most polluting fuel, data compiled by Bloomberg show. Lawmakers want to spur more growth in renewable energy through the first permanent changes to the 10-year-old system.<\/p>\n

\u201cBecause most governments selling allowances have a vested interest in higher prices, it will happen,\u201d Louis Redshaw, a former head of carbon at Barclays Plc and founder of Redshaw Advisors Ltd., which buys and sells permits on behalf of factories, said Dec. 16 in London. \u201cPainful\u201d price swings are probable, he said.<\/p>\n

<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Polluting Is Getting Expensive in Europe Again: Carbon & Climate – Bloomberg. The surge in European carbon permit prices may just be beginning. The price of emission rights will rise 62 percent by June 30, according to the median of 16 trader and analyst estimates compiled by Bloomberg. UBS Group AG says costs may more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[113,2011,1017,638],"class_list":["post-3234","post","type-post","status-publish","format-standard","hentry","category-environment","tag-carbon-emissions","tag-carbon-pricing","tag-carbon-tax","tag-pollution"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3234"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3234\/revisions"}],"predecessor-version":[{"id":3235,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3234\/revisions\/3235"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}