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EU carbon trading emissions fell by 11 per cent last year Emissions from installations covered by the European Union's carbon trading scheme fell by an estimated 11 per cent last year, according to data released by the European Environment Agency and compiled by the European Commission. The new data confirms that 2009 was "a year of almost unprecedented economic downturn in Europe," Point Carbon's Kjersti Ulset said. Emissions were down in all sectors and countries. The drop left installations covered by the EU's emissions trading scheme (ETS) well below the caps set by the EC. Environmental campaign group Sandbag calculated a total surplus of 62 million tonnes of carbon allowances. This masks significant differences between the energy and industrial sectors. According to the green group's calculations, the European power sector faced a shortfall of 124Mt of allowances in 2009 while industrial sectors generated a surplus of 185Mt. Germany, the UK, Italy and Spain accounted for nearly two-thirds of the 11 per cent decline. Relatively speaking, the biggest reductions were in Estonia and Romania (both over 20 per cent) and the smallest in the Netherlands, Luxembourg and Denmark (less than 5 per cent). Source: Utility Week © Faversham House Group Ltd 2010. News articles may be copied or forwarded
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