EU industry CO2 fell 11 pct in 2009 (in the wake of the economic downturn) -analysts

[OKIsItJustMe]

http://uk.reuters.com/article/idUKLDE61O1M020100225

EU industry CO2 fell 11 pct in 2009 -analysts

Thu Feb 25, 2010 1:13pm GMT

LONDON, Feb 25 (Reuters) - Carbon dioxide emissions by companies regulated under the European Union's Emissions Trading Scheme fell by 11 percent last year in the wake of the economic downturn, analysts said on Thursday.

Emissions by heavy industry across the 27-nation bloc fell to 1.886 billion tonnes in 2009, 233 million lower than the previous year, Point Carbon estimated.

The drop means there was a surplus in allocated EU carbon permits of 77 million tonnes, Point Carbon added.

It said emissions from utilities fell 88 million tonnes to 1.18 billion tonnes -- a 7 percent drop -- while those from industrial sectors like cement and steel tumbled by 17 percent or 145 million tonnes to 704 million tonnes.

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[cutlassmama]

1. Not as many people driving to work because they don't have jobs

[OKIsItJustMe]

2. No... That's not it

It's the industries themselves...