There are only two ways to lower C02 emissions. Build nuclear or shut down heavy industry.
EU industry sees emissions rise
By Mark Kinver
Science and nature reporter, BBC News
Power generation was the only sector to exceed its emissions limit
Carbon dioxide emissions from Europe’s heavy industry sectors rose by 1.1% in 2007, say carbon market analysts.
The estimate is based on initial data from the EU’s Emissions Trading Scheme (ETS), which includes more than 10,000 large industrial plants.
Environmentalists say it shows that the scheme, the EU’s main mechanism to meet its Kyoto target, is not working.
But market watchers say the ETS, in the long term, will help deliver the EU goal of cutting emissions by 20%.
“The main thing we have seen from the data released today, although incomplete, is that emissions are up from 2006 to 2007 by about 1.1%,” explained Henrik Hasselknipp, senior analyst for Point Carbon, a research company.
He added that initial analysis of the data also showed that only a few countries’ emissions had exceeded their national limit.
Get the level of cap wrong and, as we saw in Phase One of the ETS, the carbon price could drop to very low, potentially unworkable, levels
Ernst & Young
Most notable was the UK, he said, which went over its allocation by about 85m tonnes for the three-year period between 2005 and 2007.
He suggested that power generators in the UK, Italy and Spain were the only sectors that had exceeded their allowances.