Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

EU allows aid to limit carbon dioxide cost for big power users (haw haw)
EurActiv ^ | 23 May 2012 | (With Reuters)

Posted on 05/23/2012 10:50:28 AM PDT by Olog-hai

European Union nations will be able to compensate some big energy users, including steel and aluminum producers, for extra costs resulting from changes to the EU Emissions Trading System (ETS) beginning next year, the Commission confirmed yesterday (22 May).

A draft last month had already shown EU member states from 2013 would be able to shield big industry, to try to prevent so-called carbon leakage, which happens when rising costs drive business out of Europe.

"If production shifts from the EU to third countries with less environmental regulation, this could undermine our objective of a global reduction of greenhouse gas emissions," Competition Commissioner Joaquín Almunia said in a statement.

From next year, the EU's ETS expands to include more sectors and fewer permits will be handed out for free, meaning polluters will have to pay for them through auctions and power costs could rise.

Sectors judged eligible for compensation to make up for some of the expected extra energy cost, include producers of aluminum, copper, fertilizers, steel, paper, cotton, chemicals and some plastics. …

(Excerpt) Read more at euractiv.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS: climatechangehoax; europeanunion; eussr; globalwarminghoax
Just hilarious. How transparent are the lies now?
1 posted on 05/23/2012 10:50:38 AM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai

This story encapsulates all that is wrong with Europe. Jack up fees and taxes on the basis of junk science to finance the continual engorgement of the bloated government leviathan, then give some of it back to hand-picked wealthy cronies when it becomes obvious it will drive some out of business. Not the slightest concern for taxpayers, nor for small businessmen with no pals in Brussels. These people are awful and I hope to live to see them hanging from lamp posts in a free and independent England.


2 posted on 05/23/2012 11:09:12 AM PDT by ccmay (Too much Law; not enough Order.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Is this an excerpt out of Atlas Shrugged?


3 posted on 05/23/2012 1:48:36 PM PDT by philetus (Keep doing what you always do and you'll eventually get what you deserve)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson