Europe's tightening CO2 emission rules could weigh on utilities’ earnings, says S&P report

A recent Standard & Poor’s report into the potential effects of the third phase of the EU Emissions Trading System that kicks in from January next year suggests that strict new limits on carbon emissions will increase carbon liabilities and drag on the earnings of Western European power generators. S&P estimates that in 2016 carbon emission liabilities could cost utilities as much as €2.5 billion. Following a targeted news outreach, Moorgate achieved coverage of the report’s findings in specialist titles Environmental FinanceCarbon News and New Energy World (may require subscriptions).

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