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Steel industry urges overhaul of EU carbon-trading system

Posted on 20 March 2014

The European Union should consider granting more free carbon allowances to most efficient energy-intensive companies and exclude such permits from trading, according to the EU steel industry lobby Eurofer.
The 28-nation bloc must base the allocation of greenhouse-gas quotas to manufacturers on less stringent emissions benchmarks to keep its industry competitive amid widening energy price gaps with the U.S. and Japan, Eurofer Director General Gordon Moffat said………………………………………..Full Article: Source


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