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EU approves German carbon support scheme for heavy industry

Posted on 18 July 2013

European Union regulators on Wednesday approved a German scheme to compensate heavy industries for higher electricity costs resulting from the bloc’s emissions trading scheme (ETS).
The scheme introduced earlier this year is meant to prevent energy-intensive industries such as steel and cement makers from relocating outside Europe to avoid the costs associated with the EU’s carbon trading scheme, known as “carbon leakage.”……………………………………….Full Article: Source


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