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People & Business :: Energy and Feedstocks

EU Parliament Committee Votes to Charge Industry for GHG Emission Permits (update 1, adds Cefic comments)

8:45 AM MDT | October 8, 2008 | Alex Scott and Ian Young

The European Parliament’s environment committee has voted to adopt the European Commission’s proposed legislation to toughen the European Union (EU) emissions trading scheme (ETS) from 2013. The proposed legislation aims to reduce greenhouse gas (GHG) emissions from most industrial sectors by 21% by 2020 compared with 2005 levels. It features a phaseout of free-of-charge GHG emission permits for industry and their replacement with a system under which manufacturers would have to purchase emission permits at auction. The free allocation of...

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