03/19/2009 05:12 am ET Updated May 25, 2011

Carbon Caps Successfully Reducing Emissions In Europe

While the global recession is cutting output, and thus reducing carbon output, their research suggests that carbon pricing policies are responsible for 40% of the fall in carbon output. The recession accounts for 30% of the fall.

New Carbon Finance chalks the decrease up to a shift in energy sources on the continent. Total electricity usage rose .3%, while emission from power sources dropped 2%. An increase in the use of natural gas, as well as slight lifts in wind, hydroelectric and nuclear power use, all contributed to lowering carbon output.

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