Wednesday, June 01, 2011

German's nix nuclear plan will add 40 million tones CO2 per year

Link
LONDON (Reuters) – Germany's plan to shut all its nuclear power plants by 2022 will add up to 40 million tones of carbon dioxide emissions annually as the country turns to fossil fuels, analysts said on Tuesday.

The extra emissions would increase demand for carbon permits under the European Union's trading scheme, thereby adding a little to carbon prices and pollution costs for EU industry.