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European companies ‘using emissions trading to subsidise overseas rivals’

Posted on 21 November 2012

Report reveals steel and cement giants are buying cheap carbon credits abroad in order to avoid cutting their own emissions.
Some of the companies that have complained loudest about the European Union’s environmental measures are using the EU’s emissions trading scheme (ETS) to give money to rivals in other countries instead of cutting their own greenhouse gas emissions, it has emerged………………………………………Full Article: Source


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