The European Commission will release 2006 carbon emissions data from companies involved in the EU’s emissions trading scheme at midday central European time (1000 GMT) on Monday, the Commission confirmed

BRUSSELS, Belgium; April 5, 2007.- No aggregate figures for 2006 would be made available at this stage, as they may not be representative and are still subject to change as outstanding emissions data are reported, the Commission said in a statement.

It said the data the installations had submitted accounted for nearly 93 percent of the emissions reported in 2005.

The Commission, the executive arm of the European Union, is carrying out the rapid release of market-sensitive 2006 carbon emissions data in an attempt to avoid the haphazard process that contributed to a carbon price crash last year.

The release of 2005 emissions data last May led to a steep fall in prices for permits to emit carbon dioxide (CO2) after it showed that governments had given industry more allowances to emit than needed.

This year the Commission wants to release as much data as possible at the same time rather than having EU member states publish their statistics separately and on different days.

Last year data trickled out from EU governments ahead of the Commission’s release, creating confusion in the market.

Installations such as power plants and oil refineries that are involved in the emissions trading scheme were required to submit their emissions data by March 31.

The scheme is the 27-nation European Union’s key tool to fight global warming and meet commitments under the Kyoto Protocol. It sets limits on the amount of CO2 that big factories may emit and allows them to trade permits if they overshoot or come in below their caps.

(Reuters)

 

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