EU Committee Votes to Charge Industry for Emission Permits

Perroy: Industry favors benchmarking. The European Parliament’s environment committee has voted to adopt the European Commission’s proposals to toughen the European Union (EU) emissions trading scheme (ETS) beginning in 2013. The proposals aim to reduce greenhouse gas (GHG) emissions from most industrial sectors 21% by 2020 compared with 2005 levels. They include a phaseout of free-of-charge GHG emission permits for industry, and their replacement with a system under which manufacturers would purchase emission permits at auction. Free allocation of...

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