Study Shows Chemical Firms Profit from EU’s Emission Trading Program

A recent study published by research institute CE Delft (Delft, the Netherlands) finds that energy-intensive industries participating in the European Union’s (EU) Emissions Trading Scheme (ETS) for curbing greenhouse gas (GHG) emissions have generated substantial profits from their participation in the program. All industries, including power companies as well as owners of major chemical facilities, generated total profits of up to €14 billion ($17.4 billion) in 2005-08, the study says. “Emission rights allocated for free to the refinery, iron and steel...

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