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

3:40 AM MDT | September 25, 2008 |

Alex Scott

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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