New EU CO2 Plans Will Affect Heavy Industry
EU officials have acknowledged that a new plan to tighten greenhouse gas admissions will take a toll on the competiveness of some heavy industries, reports this article. The new rules will be unveiled by the European Commission on January 23.According to official documents, the aluminum producers would be most affected, while chemical, steel and cement makers, to comply with the new standards, would have to raise prices between 5 and 48 percent. Reportedly, the EU executive is still divided on whether to introduce measures that would protect some sectors, such as energy intensive industries.
Overall, it’s estimated that should the changes occur, Europe’s GDP would drop by 0.1 percent but that jobs lost in the affected industries would be offset by new opportunities in the low-carbon economy.
The commission is also considering a carbon tariff on goods from countries whose emission policies aren’t as strong as Europe’s.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Passive-House High-Rise to be Airtight
- Greensmith Offers ‘Second Opinion’ on Energy Storage Systems
- Commercial Tankless Water Heater Handles the Demands of Business
- Booz Allen, Siemens, Power Analytics Score 16 Microgrid Projects
- NH City to Save $500,000 Annually with LED Streetlights
- Australian College Uses Energy Storage
- LED Boosts Light Output 50%, Uses Existing Drivers
- Energesco Wins Energy Efficiency Contracts for Multifamily Buildings in Maryland