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Effect of nuclear phase-out under EC scrutiny as Hedegaard predicts rising CO2 price

By Poppy Bullock ( August 31, 2011, 15:30 GMT | Insight) -- The European Commission's long-term energy strategy, due out in the autumn, is to include a scenario that assumes EU countries eschew nuclear energy in the coming decades in the wake of the Fukushima disaster. Climate commissioner Connie Hedegaard said that the price of CO2 emission permits would likely rise after recent national decisions in Europe to stop using the energy source.Brussels – The European Commission's long-term energy strategy, due out in the autumn, is to include a scenario that assumes EU countries eschew nuclear energy in the coming decades in the wake of the Fukushima disaster. Climate commissioner Connie Hedegaard said that the price of CO2 emission permits would likely rise after recent national decisions in Europe to stop using the energy source....

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