Subscribe to this topic via RSS or ATOM
Topic - Dallas Burtraw
No Stories Found
Mr. Burtraw, a senior fellow at research nonprofit Resources for the Future, said in addition to the two recessions since 2008, European policies, such as those that pushed for renewable energy, also reduced demand for carbon emissions.
"In theory, it shouldn't matter when they introduce these allowances. Delaying it shouldn't have an effect on price," said environmental analyst and economist Dallas Burtraw. "But investors seem to be taking this action as a signal of the European Union's commitment to support the carbon market, and that has helped to drive up prices."