EU will subsidize abatement costs in chemical and other industries

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On May 14, European media Euractiv reported that the European Commission is working out a draft regulation that will allow member states to provide special subsidies for 14 high-energy-consuming industries to increase their electricity costs due to their participation in the emissions trading system ETS.

The preliminary list of industries includes: aluminum, chemical and fertilizer mining, inorganic chemical industry, lead, zinc, tin production, leather garment industry, steel industry, paper industry, fertilizer manufacturing industry, copper industry, organic chemical industry, cotton spinning Industry, man-made fiber industry, iron ore mining industry, plastics production industry.

The final decision will be made within two weeks. After the formal implementation of laws and regulations, the European Commission will also conduct regular monitoring and add or delete lists. From January 2013 to 2020, companies in related industries will be eligible for additional subsidies. The draft stipulates that the subsidy intensity from 2013 to 2015 will not exceed 85% of the reasonable cost, and will not exceed 80% from 2016 to 2018. From 2019 to 2020 Not more than 75%. This approach is in full compliance with the existing regulations, and the EU ETS Directive provides that member states can subsidize industries that face significant "carbon leakage" risks due to emission reductions. "Carbon leakage" means that high-energy-consuming industries have moved out of the EU to avoid the cost of abatement.

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