Harnessing Electricity From Frozen Air

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Jan. 16 (Bloomberg) -- Gareth Brett, CEO of Highview Power Storage, discusses using cryogenics to produce electricity and the impact that may have on energy supply in the future. He speaks on Bloomberg Television's “The Pulse.” (Source: Bloomberg)

Welcome back.

Carbon prices are poised to rebound from a slump this year.

The eu voted in favor of a plan to toughen the carbon trading system.

I am joined by matthew carr.

Great to have you on the program.

What sort of energy policy with the eu proposed this month for 2014? carbon traders are hoping they will rely more on carbon.

For 2020, with the eu did was have these overlapping policies.

The renault noble energy bucket has printed a lot of the countries to put in place really expensive subsidies.

Has reduced the need to have a strong carbon price.

The eu is trying to reject that -- address that over the next few weeks.

I wouldn't be surprised if that slips.

It is always complicated.

Nothing can ever be easy.

One of the questions you have to ask is whether this will supersede everything.

That is one of the fundamental problems with the negotiation process.

Some countries want to retain their control of energy.

Others are more willing to let europe take a stronger role.

The bottom line i think is that they have to sort out whether or not they are going to have a target for energy efficiency, emissions and renewable energy or just one of those.

A lot of the smart money and business is for one carbon reduction target.

There are seven countries including germany who are still pushing for renewable energy targets as well.

What about the u.k. and specifically the city of london?

That is a fascinating scene.

The u.k. is quite keen for a single omission reduction target.

They are at loggerheads with some of the other big players in europe.

It will be fascinating to see how it all plays out.

Poland is saying, we need to go a bit slower.

The omission reduction target that they are proposing, 40% for 2030, that is still much lower than the most cost-efficient path to get to 2050, 80% emissions reduction targets.

A lot of interesting decisions going to be made over the next few weeks.

Thank you for all of that.

For those listening on bloomberg radio, the first word is up next.

For our viewers, a second hour of" -- a second hour of "the pulse" is coming up.

What will the fed do?

That will have implications for the ecb and the bank of england.

We will discuss this.

Does the future looked bright for logistics?

We speak to the managing director for the logistics from

This text has been automatically generated. It may not be 100% accurate.

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