Peering through the murk on climate change agreements
Negotiated agreements with energy-intensive industries led to a "massive" reduction in carbon dioxide emissions last year, according to the Environment Department. Much of the reduction stemmed from steel giant Corus' poor business performance. Ministers insist that the figures demonstrate a real and significant improvement in energy efficiency in other sectors, but the scheme's complexity and lack of transparency make it difficult to interpret many of the results. A key concern is that a glut of allowances in the UK emissions trading market may blunt the incentive for companies to invest further in reducing energy use.
Sign in to continue
Need to activate your subscription?
Already a subscriber
If you haven't already, activate your subscription here>>
Company Domain Access
If your company or university has a corporate subscription simply register your email address here to gain access