Cement companies gain most from the emissions trading system
Published by Joseph Green,
Editor
World Cement,
Bloomberg are reporting that the European Union industry landed a US$26.7 billion windfall from an emissions cap-and-trade program that was intended to moderate emissions by putting a price on pollution. This information comes from an environmental consultancy.
Companies in the cement, petrochemical and steel industries gained most from the emissions trading system, or ETS, from 2008 to 2014, according to a study by CE Delft that was commissioned by Carbon Market Watch.
Energy-intensive industries have recommended that policy makers keep distributing free permits to companies to prevent the relocation of companies, known as carbon leakage.
The report’s findings “bust open the industry myth of carbon leakage,” said Femke de Jong, EU policy director at Brussels-based Carbon Market Watch.
Edited from source by Joseph Green. Source: Bloomberg
Read the article online at: https://www.worldcement.com/europe-cis/16032016/cement-companies-gain-emissions-trading-system-707/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.