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ARTICLE · 09 JUNE 2008

Climate Change And The Electricity Sector: Running A Business In A Carbon-Constrained World

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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Borden Ladner Gervais LLP

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This Climate Change Bulletin is the first in a series that will be prepared periodically by BLG’s Climate Change Focus Group to alert our clients of emerging issues and initiatives that are relevant to their businesses and strategic interests.

CanadaEnvironment
BLG'S Environmental Law Group
BLG'S Environmental Law Group
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This Climate Change Bulletin is the first in a series that will be prepared periodically by BLG's Climate Change Focus Group to alert our clients of emerging issues and initiatives that are relevant to their businesses and strategic interests. Future Climate Change Bulletins will review and consider issues facing various provinces as well as different industrial sectors. Comments and questions are always welcome.

The European Union

The roll-out of the European Union Emissions Trading Scheme in January 2005 put a price on carbon; specifically it put a price on the emission of carbon dioxide, the principal greenhouse gas. All industrial installations with a generating capacity of more than 20MW were given a cap, or allowance, based on their estimated current emissions. If an installation exceeded its cap in Phase One (2005-07) it would either have to pay a €30 per tonne fine, or buy an equivalent

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