The UK’s initiative to put a firm floor for carbon pricing by 2015 will benefit Qatar, which is a clean gas producer, said KPMG Global Head (Oil & Gas) Michiel Soeting.
According to Soeting, this is the first such initiative in Europe and likely to be followed by other European countries in view of their commitments to reduce the carbon footprint.
“Europe has set a target to reduce its carbon emissions by 20% by 2020,” Soeting said in an interview with Gulf Times.
Once the firm floor for carbon pricing has been set, Soeting said most coal-fired plants in Europe, older ones particularly, will have to be shut as they are highly polluting in nature.
Read more: http://www.gulf-times.com/qatar/178/details/346623/european-carbon-pricing-initiative-to-benefit-qatar
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