CarbonDesk.org

Debt held against one of the country’s most emissions-intensive power stations, Loy Yang B in the Latrobe Valley, has been downgraded to one step above junk.

UNCERTAINTY on carbon policy has resulted in debt held against one of the country’s most emissions-intensive power stations, Loy Yang B in Victoria, being downgraded to one step above junk status.

Feb. 26 (Bloomberg) — Germany, Europe’s largest economy, will give away about 86 percent of its carbon-dioxide emissions budget to factories and power stations in the country.