Tag «Emissions Trading System reform»

Joint letter from 76 steel industry CEOs raises alarm about shape of Emissions Trading System reform

Brussels, 29 May 2017 – CEOs representing nearly the entire European steel industry today co-signed a letter addressed to the governments of all EU member states. The letter calls on political leaders to “help preserve a sustainable and globally competitive European steel industry. In Europe we must be able to produce the innovative steels that …

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 …