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EU 2008 Carbon Dioxide Emissions Exceed Permits by 25 Percent

By Rob Verdonck

April 1 (Bloomberg) -- Power plants and factories in the European Union’s emissions trading program produced 25 percent more carbon dioxide than the amount of permits they received, according to Bloomberg calculations based on European Commission data.

The data is 91 percent complete, Stavros Dimas, the environment commissioner, said today in Brussels. The comparison between verified emissions and the allowances total is a like for like comparison, using only figures for installations that data is available for.

Last Updated: April 1, 2009 09:13 EDT

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