IHS Chemical Week

EnviroTech :: Regulatory

EU Industry Counts the Cost of Revised Emission Trading Scheme

10:29 AM MDT | July 14, 2008 | Ian Young

Anxiety is mounting within the European chemical industry over the European Commission’s plans to revise the European Union’s (EU) Emissions Trading System (ETS). The revisions, announced by the commission last January, will place a huge cost burden on the EU chemical sector and undermine the industry’s international competitiveness, industry leaders say. The EU ETS is the only international trading system for greenhouse gas (GHG) emissions. Lehner: ETS is a ‘major threat.’ The proposed amendments will come into force with the third...

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