EU's carbon emissions fell faster than expected in 2009

In comparison, the EU’s gross domestic product slipped 3.9% last year, according to the International Monetary Fund.

Bloc-wide emissions fell to 1.69 billion metric tonnes from 1.9 billion the prior year – the largest one-year reduction since the EU Emissions Trading Scheme (EU ETS) was implemented in 2005. The price of EU Allowances held steady around €12.80 ($17.25) on the news.

The