EUROPEAN OIL REFINERS WELCOME CONTINUATION OF CARBON LEAKAGE MEASURES BEYOND 2020
October 1st, 2014
THE ASSOCIATION representing the European oil refining industry, FuelsEurope, welcomed as essential the announcement on October 24 by European Union (EU) presidents and prime-ministers that free carbon emission allowances will continue to be awarded after 2020. But it stressed that such free pollution permits must be allocated to the refining sector.These allowances will continue to be part of the EU’s reformed Emissions Trading System (ETS) as long as other jurisdictions do not adopt similar market systems to reduce CO2 emissions, said the leaders, meeting ...
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