PGE Carbon Dioxide Emissions Rise 4.3% in First Nine Months

PGE SA (PGE), Poland’s largest utility, emitted 4.3 percent more carbon dioxide in the first nine months as power output increased after a new lignite-fired unit was commissioned last year.

The company emitted 45.9 million metric tons of carbon dioxide, up 1.9 million tons from last year, and that compared with an average annual European Union carbon permit quota of 57 million tons allocated free of charge from 2008 through 2012, the Warsaw-based company said today. The EU’s system is the world’s largest cap-and-trade program, in which companies must surrender freely allocated or purchased permits matching their greenhouse-gas emissions every year.

PGE’s Elektrownia Belchatow, the EU’s most-polluting plant, emitted 26.8 million tons of carbon dioxide in the first half, or 15 percent more than last year, as a new 858-megawatt unit began generating electricity.

EU permits for December increased 0.4 percent to 8.44 euros ($10.75) a ton as of 7:54 a.m. on London’s ICE Futures Europe exchange.

To contact the reporter on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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