Acciona's carbon price push

Acciona Energy believes a carbon price of at least €20 euros is a necessity – and the fall well below this in Europe has ramifications for green growth around the world.

The European Union could fail to hit its green goals unless it manages to drive carbon prices on its Emissions Trading Scheme (ETS) to around three times current levels, Spain's Acciona Energy said.

Acciona is among a group of businesses – including Royal Dutch Shell, Unilever, Philips, Deutsche Telekom and Vodafone – whose leaders met European Commission President Jose Manuel Barroso and other senior officials from the EU executive last week.

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