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EC set to grant industry relief on carbon trading

Tuesday 14 Oct 08 9:00am

Gunter Verheugen
Gunter Verheugen

Energy-intensive industries are set to receive a huge cash boost from the European Commission as part of a controversial move to protect Europe's industrial sector from world recession.

Within weeks the EU is to debate whether to allow European industrial giants tens of millions of pounds off carbon allowances they have to buy as part of the Emission Trading Scheme.

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Related Topics: Carbon Credits | Emissions trading | Energy | ETS

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