IHS Chemical Week

People & Business :: Green Issues

Employers and Unions Unite to Condemn Emission Trading Scheme

12:30 PM MDT | October 3, 2008 | Chemical Week Editorial Staff

The European Commission’s proposals to toughen the emission trading scheme (ETS) in the European Union (EU) from 2013 will increase total operating costs for EU chemical companies by 10%-35%, employers’ federation the European Chemical Employers Group (ECEG; Brussels) and trade union federation the European Mining, Chemical, and Energy Federation (EMCEF; Brussels) say. ECEG and EMCEF have called on the commission to freeze its plans, which would require companies eventually to purchase all greenhouse gas (GHG) emission permits via an auction process...

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