Low price for carbon emissions impact green targets of the EU

Note: This section contains information in English only.
Source: BBC

Some large energy generation companies in Europe claim EU has to increase carbon prices to meet its green targets. The EU declined CO2 emissions price by 55% to EUR6.45 this year. The industry representatives sent a letter to the European Commission outlining the necessity to reduce the number of Emissions Trading Scheme permits in order to increase their price. Thus, companies would be interested in investing more in вЂ?green' energy.

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Thu, 15 Dec 2011 14:40:19 GMT

Crude oil fell on OPEC decision

Crude oil decreased during the morning Asian trading hours following the OPEC decision to maintain oil output at 30 million barrels daily. Experts claim the decision is aimed at raising the supply and lowering the oil price. On the New York Mercantile Exchange crude futures for January delivery traded at USD94.91 a barrel in morning session, losing 0.04% since opening.

Thu, 15 Dec 2011 15:01:54 GMT

German PMI experienced moderate gains

German PMI increased slightly in December. The Markit Flash Germany Manufacturing PMI edged up to 48.1 in December as compared to 47.9 in previous month. The Markit's Germany Composite Output Index, gauge of private sector activity also advanced to 51.3 from 49.4 in November. The increase is inspiring but it cannot rescue the economy severally impacted in Q4, said Tim Moore, senior economist at Markit.

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