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Cefic Steps Up Pressure for an Industry-friendly EU Emissions Trading Scheme

4:07 AM MDT | June 25, 2009 | Alex Scott in Barcelona

Cefic says it is pushing for a series of concessions for the chemical industry in relation to the next phase of the European Union’s (EU) cap-and-trade Emissions Trading Scheme (ETS), which will come into effect from 2013. Unlike the current ETS system of free emissions allowances, the next phase will require producers of certain chemicals to purchase their emissions allowance via auctions. Such a system could have a significant impact on the competitiveness of the EU’s chemical industry and will lead to some companies relocating...

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