Spanish cement sector signals carbon surplus

Economic crisis reduces emissions in construction product industry;  power sector emissions falling fast

A collapse in the Spanish construction industry triggered by the economic downturn has led Spanish cement production to fall by a fifth this year, reducing the sector's greenhouse gas emissions by five per cent, cement makers' association Oficemen told ENDS on Friday.

The drop in emissions looks set to generate the industry a surplus of around three million carbon allowances from the 29m they were allocated by the Spanish government for the 2008-2012 phase of the EU emission trading scheme.  Oficemen predicted another big surplus in 2009. Spokesman Pedro Mora said this reflected an "inherent problem in the cap and trade system".

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