Tag «cost €34 billion»

Emissions Trading System reform “could cost €34 billion by 2030”: new report

Brussels/Strasbourg, 26 November – A landmark assessment of the proposal for the fourth review of the European Union Emissions Trading System (EU ETS) has revealed that the cumulative financial burden of the proposed changes would almost wipe out the industry’s margins. The report, undertaken by leading consultancy ECOFYS, was unveiled yesterday at a gathering of …