āSteel, cement, aluminium: European emissions trading could send effective stimulus to reduce CO2 emissions in raw materialsā
DIW
A reform of the European Emissions Trading System (EU ETS) could make the scheme more effective without endangering the competitiveness of the European raw materials industry, a report by international researchers, including the German Institute for Economy Research (DIW) has found. A combination of ādynamic free allocationā and an additional consumption charge on carbon-intensive products like steel, cement and aluminium could be the necessary incentives for these industries to cut more CO2 emissions.
Read the press release in German and the paper (with English abstract) .
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