EU Votes to Exempt 77% of Industrial Emissions from Cost of Trading Scheme

European Union (EU) member states have approved a draft proposal listing 164 industrial sectors and subsectors, including much of the chemicals industry, that it says could be exposed to "carbon leakage" by the next phase of the EU’s emissions trading scheme (ETS). Sectors listed by the commission as being exposed to carbon leakage will, under the proposal, receive a higher share of their greenhouse gas (GHG) emission allowances free of charge than other industrial sectors, the commission says. Sectors and subsectors judged by EU member states to...

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