KYOTO COAL
February 1st, 2005
BY KEITH NUTHALLONE of the world's largest think tanks has predicted that the European Union's (EU) Kyoto Protocol-linked greenhouse gas emissions trading scheme may not reduce emissions before 2012 because of coal's increasingly competitive price. In a study carried out for power company clients, USA-based Global Insight predicts that more pollution will be emitted from 2005 to 2012 than in 2004, because coal will be cheaper than oil and gas, which emit less carbon dioxide. Indeed, from 2008-2012, demand for coal may increase further as economic growth fuels ...
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