Falling price of Carbon could be worth thousands
Falling price of Carbon could be worth thousands Organisations in the Emissions Trading Scheme have an opportunity worth thousands of pounds but need to act quickly to realise it.
Energy management firm Utilitywise says the falling price of Carbon means some organisations can potentially benefit from this and has already saved £30,000 for an NHS trust.
A decision by the EU on whether it can intervene to boost Carbon prices is likely when the issue comes up for debate in February, so there may only a short window of opportunity to increase the amount of allowances or to gain a cash benefit from them. If you are an incumbent participant of Phase 2 European Union Emissions Trading Scheme (ETS) Utilitywise can help maximise the value of any surplus EUA allowances.
The ETS operates in 30 countries: the 27 EU Member States plus Iceland, Liechtenstein and Norway. It covers CO2 emissions from installations such as power stations, combustion plants, oil refineries and iron and steel works, as well as factories making cement, glass, lime, bricks, ceramics, pulp, paper and board.
Carl Peat, director of energy services at Utilitywise said: “Decisions taken in Europe have created a short, but potentially profitable, window of opportunity for organisations in phase 2 of the ETS.”
“This is a complex area and one which requires careful appraisal of the options, particularly for those installations that may be opting out of Phase 3 of EUETS.”