EU data set to reveal effect on emissions
Carbon traders will today find out whether the European Union's emissions trading scheme has succeeded in persuading companies to curb their greenhouse gas output. The European Commission is expected to release data today showing the extent of carbon dioxide emissions in 2007 from businesses covered by its emissions trading scheme. It is widely expected to show that emissions from heavy industry such as steel and cement making have fallen by a small amount, but that emissions from the power sector have risen slightly.
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