Sentence examples for surplus of permits from inspiring English sources
Those that boost efficiency could have a surplus of permits to sell.
As a result, companies have a surplus of permits on hand, which depresses their price.
Ms. Hedegaard issued a report on Thursday showing the surplus of permits on the market had reached a record high.
As a result, there is a vast surplus of permits — about 800 million tons' worth, according to Point Carbon.
The drop in industrial production has left many industries with a surplus of permits because they are emitting far less than expected.
It has been dogged by a surplus of permits, the price of which has fallen to near €10 from €30 last summer.
Most big companies in the cement and steel sectors had generated surpluses of permits each year since the start of the European system in 2005, according to Cédric Bleuez, the managing director of Carbon Market Data, a research company with headquarters in Britain and France.
Yvo de Boer, the United Nations climate change chief, said Wednesday during a telephone conference Wednesday that surpluses of permits in the European system since 2005 "had allowed businesses to get used to the emissions trading scheme without immediately being under a huge constraint".
Matthew Gray of Jefferies, an investment bank, reckons that by 2020 the ETS will have an accumulated surplus of 845m permits, against a planned cap that year of 1.8 billion permits.Investors in green technology are pleading for intervention to prop up the carbon price.
Europe's emissions trading system will also be reformed as part of the 2030 energy and climate package, with a more flexible mechanism to allow the surplus of carbon permits to be curbed, and member states will have an "indicative" target - that is, not legally binding – of improving energy efficiency by 25% by 2030.
Today -- with a huge surplus of carbon permits in the system, and a carbon price at just 15 Euros per ton -- companies have more incentive to invest in a new generation of gas, coal and oil-fired generation power stations than in low carbon technologies.
