STEEL SECTOR NEEDS A TAILORED EU EMISSIONS TRADING SYSTEM, TATA STEEL NETHERLANDS BOSS SAYS
January 1st, 2014
The European Union (EU) needs to tailor its energy policy and carbon Emissions Trading System (ETS) approach to the realities of the steel sector, Theo Henrar, chairman of the management board of Tata Steel Nederland told Steel First.“The ETS is one-size-fits-all and is putting energy intensive industries in competitive disadvantage,” he said, calling for realistic benchmarks to be used when calculating the CO2 emissions allowances for the industry.Because the benchmarks are not realistic, Henrar continued, the ETS is not rewarding the best performing ...
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