Benchmark 2007 EU Greenhouse Gas Emissions Data Set To Rock The Carbon Market
All participants to the EU Emissions Trading Scheme ought to have submitted crucial data on their 2007 greenhouse gas emissions levels by 31 March. The greenhouse gas data would be sourced by around 10,500 companies involved in carbon trading and is an important factor influencing the market price of traded carbon.
But many of the parties failed to meet the deadline, which is why the EU authorities in charge of the information said they will release the data to the public at a later date.
Emissions data is of vital importance for market traders because it shows the level of demand for the instruments they trade. The data is seen as a benchmark number setting the appropriate carbon price.
