Sceptre International Group Limited News – German CO2 output up 4.8 percent in 2010

FRANKFURT (Reuters) – German carbon dioxide emissions in 2010 were 4.8 percent higher than the year before at 826.5 million metric tons, a prominent researcher said on Tuesday.

“First estimates show that CO2 emissions in 2010, after the dramatic decline of 7 percent in 2009 (788.8 million), rose 4.8 percent year-on-year,” said Hans-Joachim Ziesing, a former energy expert at the DIW institute who compiles energy statistics.

“But 2010 was still below 2008 and greatly so, by … 2.5 percent,” he said. The 2008 number was 848.0 million.

The German number is important for wholesale carbon emissions certificates markets. Polluters in identified sectors such as energy must hold CO2 emission rights to cover their production in the traded emission allowances market.

The results are due to be published in a trade magazine called Energiewirtschaftliche Tagesfragen in its April edition but were made available by Ziesing, who advises the Berlin economy and environment ministries.

They precede official numbers due later this month or April from environment agency Umweltbundesamt (UBA).

The 2010 result is in line with a resumption of industrial activity in Europe’s biggest economy after the recession, but pre-crisis levels in many areas have not yet been recaptured, Ziesing said.

Germany’s adjusted gross domestic product (GDP) rose 3.6 percent and manufacturing output rose more than 10 percent as producers of chemicals and metals filled their order books again.

More CO2 was also emitted, because the year was unusually cold, which boosted energy-derived CO2 output as heat providers burned more fuels.

Output of six so-called Kyoto gases, which cause global warming and include CO2, the heaviest pollutant, broadly developed in the same pattern, Ziesing said.

(source: www.reuters.com )

Sceptre International Group Limited opened its carbon trading desk in the third quarter of 2010.
At Sceptre, we have partnered with key companies within the carbon market to offer our clients the best quality credits available in both the voluntary and compliant markets. Sceptre is a  member of the Carbon Trade Exchange in London which has develped the world’s largest electronic spot trading platform for voluntary markets. The demand for these voluntary offsets, fuelled by corporate commitments to become “carbon neutral,” is growing rapidly.

For more information, contact us at www.sceptreinternational.com

Advertisements
This entry was posted in Carbon Trading, Sceptre International Group Limited, Sceptre International Group News, www.sceptreinternational.com and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s