Cement News tagged under: EU Emissions Trading Systems
EU: cap on emissions windfall set at 2.2% per year10 March 2017, Published under Cement NewsThe European Parliament and the Council (Environment Ministers) agreed on 28 February its negotiating position for the revision of the Emission Trading System (EU ETS), says Cembureau. According to the proposed directive, now due for deliberation in a trilogue of meetings. The cap on emissions will fall by 2.2 per cent a year – the so-called linear reduction factor – until at least 2024. This is expected to push up the cost of allowances and provide an incentive for industries to adopt cle... |
Cembureau welcomes European Parliament's approach to EU-ETS policymaking16 February 2017, Published under Cement NewsCembureau has reponded to this week's vote in Strasbourg by the European Parliament, welcoming its decision not to deliberately discriminate between sectors and to apply a fact-based approach to policymaking on the EU-ETS post-2020 bill. Cembureau said the proposals adopted by MEPs go some way to developing an EU-ETS, which combines the goals of making Europe’s industry more CO 2 efficient, while maintaining its competitiveness. Cembureau welcomes, in particular: • The inclusion of dynamic... |
Ireland: cement firms make windfall profits from ETS permits18 April 2016, Published under Cement NewsCRH, Lagan Cement and Quinn Cement have together made EUR128m (US$145m) through the sale of permits under the EU emissions trading scheme (ETS). On Sunday, the Irish Independent reported that the three firms were allocated credits on the basis of a prediction that demand would rise by 30 per cent between 2007 and 2012. The impact of the financial crisis instead caused demand to drop by over 60 per cent, allowing the companies to sell off their un-needed carbon credits. Donal O'Riain o... |
Call for higher tax on Irish cement sector windfall profits14 January 2013, Published under Cement NewsThe Irish cement industry is getting tens of millions of euro annually in windfall profits due to anomalies in the EU Emissions Trading Systems (ETS), according to the chief of an Irish producer. Donal O’Riain, CEO and founder of Ecocem, told the Irish Times that the the anomaly occurred because the domestic cement sector had lost 75 per cent of its demand since the peak years, yet the allocation of ETS credits to the sector was based on its historical sales levels. The anomali... |
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