EU Outlines Sector Allowance Allocations for Post-2012 GHG Trading
3:36 PM MST | January 19, 2010 | â€”Alex Scott and Nancy Seewald
The chemical industry celebrated a victory last week as the European Commission announced that 164 industrial sectors would be exempt from having to pay for their greenhouse gas (GHG) emissions allowances for the next phase of Europeâ€™s emissions trading scheme, which starts in 2013. Sectors not exempted will have to pay significant costs to purchase GHG allowances via auctions. Industries exempted include: inorganic basic chemicals; organic basic chemicals; fertilizers and nitrogen compounds; synthetic rubber in primary forms; starches and starch products...
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