Analysts see carbon windfall profits for EU industry
22 May 2009
European Union moves to exempt industries such as steel, refining and cement from the cost of buying carbon permits risk handing them windfall profits and could blunt EU green investment, analysts say.
Reuters says heavy industries in Europe and the United States are battling hard to avoid paying for permits to emit carbon dioxide, saying the added cost will harm their ability to compete with overseas rivals, for example in India and China.
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