16.09.2014 - EU polluters to land EUR5bn windfall under 'carbon leakage' proposal
European commission report assumes an unrealistically high carbon price, in move expected to cost governments billions. Heavily-polluting industries are in line for a €5bn (£4bn) handout from Europe’s taxpayers because of the way the EU is measuring their exposure to unregulated competitors outside the bloc, according to an unpublished report prepared for the European commission. Steel-making, cement and power plants have their greenhouse gas emissions capped by the emissions trading system (ETS), putting a price on carbon to encourage companies to cut emissions by trading allowances...............................................Full Article: Source
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