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EU green goals depend on CO2 market-Acciona

Thu, 05/03/2012 - 8:25am
Reuters

BRUSSELS (Reuters) - The European Union could fail to hit its green goals unless it manages to drive carbon prices on its Emissions Trading Scheme (ETS) to around three times current levels, Spain's Acciona Energy said.

Acciona is among a group of businesses - including Royal Dutch Shell, Unilever, Philips, Deutsche Telekom and Vodafone - whose leaders on Thursday met European Commission President Jose Manuel Barroso and other senior officials from the EU executive.

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