(Bloomberg) -- German lawmakers approved auctions
of carbon-dioxide emission permits, shrugging off complaints
from industry and utilities that the measure will send power
costs soaring.
Chancellor Angela Merkel's coalition helped vote through a
law today allowing the sale of almost 10 percent of carbon-
dioxide permits. RWE AG, Germany's second-biggest utility, has
said it may need to spend an extra 410 million euros ($554
million) a year to buy certificates.
Read more at Bloomberg Energy News
of carbon-dioxide emission permits, shrugging off complaints
from industry and utilities that the measure will send power
costs soaring.
Chancellor Angela Merkel's coalition helped vote through a
law today allowing the sale of almost 10 percent of carbon-
dioxide permits. RWE AG, Germany's second-biggest utility, has
said it may need to spend an extra 410 million euros ($554
million) a year to buy certificates.
Read more at Bloomberg Energy News
