Germany to Defend Energy-Intensive Industries from EU Emissions Trading Costs (update)

The European Union’s (EU) proposal to auction off greenhouse gas (GHG) emissions permits for the next phase of the region’s Emissions Trading Scheme (ETS) from 2013 through 2020-instead of the current system of free permit allocation-has come up against opposition from Germany. The German government, according to unofficial reports, has decided to exempt all energy intensive industries-excluding energy generators-from the policy. Non-energy intensive sectors would have their purchase of ETS permits capped at 20% of their total emissions, under...

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