EU Energy Spend May Fall Short Without Carbon Fix, IHS Says
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Utilities may fail to build enough power and natural gas infrastructure by 2020 unless there’s a higher carbon price, according to IHS Inc.
The low cost of European Union carbon permits is encouraging investment in coal-fired power generation and is holding back building of natural gas, wind and solar capacity, analysts led by Michael Stoppard in London said in a report e-mailed yesterday. European utilities need to deliver 990 billion euros ($1.3 trillion) of energy investments by 2020, he said.