Comments on: Britain’s Worst Carbon Polluters Set For Multi-Million Pound Windfall http://redgreenandblue.org/2008/09/15/britains-worst-carbon-polluters-set-for-multi-million-pound-windfall/ Patriotism that loves our country, our land, and our planet Wed, 23 May 2012 01:08:04 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Dan http://redgreenandblue.org/2008/09/15/britains-worst-carbon-polluters-set-for-multi-million-pound-windfall/comment-page-1/#comment-7713 Dan Mon, 15 Sep 2008 15:25:27 +0000 http://redgreenandblue.org/?p=981#comment-7713 The Guardian's investigation does point out an issue with the allocation of permits, but it doesn't cast the trading scheme in a fair light. It is the overall allocation that should matter to environmentalists. As the Guardian's analysis shows, the UK's allocation will require reductions of 60 million tonnes of CO2 per year. More importantly, the annual allocation across the EU between 2008 and 2012 is 7% below 2007 emissions. Emission permits have not been over-allocated. The numbers in the Guardian show that some companies have more credits than they need, while others don't have enough. This is a financial issue for these individual companies, but it should not be a significant issue for environmentalists. The Guardian's investigation does point out an issue with the allocation of permits, but it doesn't cast the trading scheme in a fair light.

It is the overall allocation that should matter to environmentalists. As the Guardian's analysis shows, the UK's allocation will require reductions of 60 million tonnes of CO2 per year.

More importantly, the annual allocation across the EU between 2008 and 2012 is 7% below 2007 emissions. Emission permits have not been over-allocated.

The numbers in the Guardian show that some companies have more credits than they need, while others don't have enough. This is a financial issue for these individual companies, but it should not be a significant issue for environmentalists.

]]>