IHS Chemical Week

People & Business :: Energy and Feedstocks

No Evidence of Carbon Leakage, OECD and MIT Say

11:12 AM MDT | September 22, 2009 | Alex Scott in Paris

The relocation of manufacturing plants from developed countries that cap and charge greenhouse gas (GHG) emissions to countries that don’t charge for GHG emissions-a concept known as carbon leakage-does not pose a major threat to industry’s competitiveness, says the Organisation for Economic Cooperation and Development (OECD; Paris). OECD’s findings are shared by MIT’s Center for Energy and Environmental Policy Research (Cambridge, MA) which says it has not identified a single plant in the European Union (EU) that has been closed as a...

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