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EU proposes giving most heavy industries free carbon permits

2014-05-07 17:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Most of Europe's heavy industry should keep receiving free carbon permits to help them compete in global markets, the European Commission said on Monday. The Commission, the EU's executive, proposed that 175 industry sectors out of the 245 in total that it assessed should be entitled to get most of their allowances for free over 2015-2019 to help meet obligations under the EU's Emissions Trading System (ETS). The ETS is the bloc's main policy aimed at cutting emissions of heat-trapping gases...

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