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European slump leads utilities to burn more coal

Tue, 05/08/2012 - 4:25am
Reuters

LONDON (Reuters) - Europe's economic slump is allowing utilities in some countries to burn increasing amounts of cheap, highly polluting coal for electricity generation and still meet legally binding targets to cut carbon dioxide emissions, Reuters research shows.

The EU's carbon scheme, its main tool to fight global warming, caps CO2 emissions on around 12,000 industrial and power plants in 30 countries and requires them to purchase permits to exceed those caps.

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