Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Europe’s “green dash” is ebbing. One of the pillars of the EU green energy policy, the cap-and-trade CO2 quota system, the European Trading System (ETS), is crumbling after an April 2013 vote in the European Parliament rejected a cut in emission quotas for sale, to support carbon prices. The market reacted by cutting carbon prices almost one-half, in contrast to the EU Commission’s ambition to raise CO2 prices. Carbon emissions now trade at about $3.50/metric tonne, but the cost of carbon capture and sequestration (CCS) may be about $100. European carbon prices are now so low, as to portray the ETS as a symbolic measure for fighting climate change, with no real impact. Symbols may satisfy ideological needs, but they give little incentive for cutting emissions and have little effect.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Aberdeen - December 2-3
Calgary - December 8-8
Mangaf - December 8-10
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.