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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Chemical Firms Profit from EU Carbon Trading System
8:24 AM MDT | May 21, 2010 | Alex Scott
A study published last week by research institute CE Delft (Delft, the Netherlands) finds that energy-intensive industries participating in the European Unionâ€™s (EU) Emissions Trading Scheme (ETS) for curbing greenhouse gas (GHG) emissions have generated substantial profits from their participation in the program. All industries, including power companies as well as owners of major chemical facilities, generated total profits of up to â‚¬14 billion ($17.4 billion) in 2005-08, the study says. â€œEmission rights allocated for free to the refinery, iron and steel...
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