Utility E.ON UK calls for long-term carbon targets

London (Platts)--27Nov2006

E.ON UK's chief executive Monday said the European Union should set
carbon reduction targets that run beyond 2012.
"What we need to see are targets for the EU's Emissions Trading Scheme
that go beyond 2012 and that are harmonized across the EU as a whole," Paul
Golby, E.ON UK's chief executive, said in a meeting with European Commission
President Jose Manuel Barroso.
Golby and Barroso were in London at a meeting of the Corporate Leaders
Group on Climate Change, a business group.
The EU's ETS is meant to curb carbon emissions by creating a market for
carbon trading. The scheme runs through 2012, but power generators are calling
for a longer term plan to create more certainty for the market.
Golby in a press release said it is essential that the EU set long-term
targets on climate change "so that we can make a real difference and also plan
the future direction of our industries."
E.ON UK, a subsidiary of Gernamy's E.ON, runs Powergen and is the UK's
largest integrated power and gas company.

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