GERMAN STEEL MAKERS EXPRESS CONCERN OVER REVISED EU EMISSIONS REGIME
October 1st, 2014
German steel federation, WV Stahl, has expressed deep concern over the potential extra costs that will be placed on the country's steel industry by the EU's revised emissions trading system (ETS).On Friday morning, EU heads of state agreed to support energy-intensive industries in Europe by extending the free allocation of emission certificates beyond 2020. The ETS will be tightened as proposed by the European Commission in January, with the annual cap to reduce the maximum permitted emissions being changed from 1.74% to 2.2% starting from 2021. To reach a ...
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