Prices of carbon dioxide credits would need increase sharply to make the emission reduction program effective by allowing investments in wind power generation, Alan Svoboda, head of sales at CEZ AS (BAACEZ.PR) power utility, said Tuesday.
Prices of carbon dioxide credits would need increase sharply to make the
emission reduction program effective by allowing investments in wind power
generation, Alan Svoboda, head of sales at CEZ AS (BAACEZ.PR) power utility,
said Tuesday.
However, if CO2 prices remain around EUR10 per ton, it will fail to encourage
utilities to modernize, he said.
CEZ, a major European electricity generator and exporter, and majority-owned by
the Czech government, is a large buyer and trader in CO2 credits.
The emission allowance price of EUR30 per metric ton of CO2 released into the
air would put wind farm electricity power plants "in the money,"
Svoboda told an energy conference, and an increase to EUR30 per ton would allow
the elimination of government subsidies for building wind farms and parks.
He added that the sharper allowance price rise of about tenfold would be ideal.
Svoboda said the allowance price of EUR30 per ton had been earlier envisioned
by the European Commission officials as a stable market rate.
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