Thu, Dec 12, 2019
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Environmental Trading more

EU cement giants get €5bn carbon market windfall

Posted on 30 November 2016

The EU carbon market is supposed to make polluters pay. But generous handouts to industries deemed at risk of losing business abroad are undermining the system, a watchdog has warned. Cement producers reaped a €5 billion windfall from the emissions trading system (ETS) between 2008 and 2015, their annual reports reveal.
Companies like Lafarge, Heidelberg and Cemex profited from selling carbon allowances they received for free, substituting cheaper international offsets and passing through costs to customers………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
December 2019
S M T W T F S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031