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Analysts say EU industry emissions flat in 2007
LONDON (Reuters) - European Union industry emissions were roughly flat in 2007, preliminary analysis of EU emissions trading scheme data suggested on Wednesday.
Carbon emissions by affected companies in the six highest-emitting countries were up 1.2 percent above 2006 levels and for all member states could be about 25 million tons carbon dioxide (CO2) higher, Fortis estimated.
New Carbon Finance gave a preliminary estimate that emissions across all countries fell 0.25 percent in 2007.
The direction of carbon emissions will inform likely demand for EU carbon emissions permits, EU allowances (EUAs), in 2008, and therefore carbon prices.
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EUAs for 2008 delivery were up 88 cents at 23.4 euros in mid-afternoon trading on Wednesday.