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EU Industry Got $27 Billion Cap-and-Trade Windfall, Study Says

2016-03-15 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: European Union industry landed a 24-billion-euro ($26.7 billion) windfall from an emissions cap-and-trade program that was intended to moderate emissions by putting a price on pollution, according to an environmental consultancy. Companies in the cement, petrochemical and steel industries gained most from the emissions trading system, or ETS, from 2008 to 2014, according to a study by CE Delft which was commissioned by Carbon Market Watch, an environmental lobby. European industry received too...

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