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CO2: free allowances for industries that might otherwise leave the EU

CO2: free allowances for industries that might otherwise leave the EU

Industries that might leave the EU and hence escape its CO2 emission trading rules, could get up to 100% of their CO2 emission allowances for free, to encourage them to stay. A list of industry sectors and sub-sectors to be eligible for free allowances under the revised Emission Trading System (ETS) from 2013 was backed by the Environment Committee on Wednesday, in a bid to prevent relocation-driven “carbon leakage”