A new decision on the free carbon allowances awarded to manufacturers under the EU Emissions Trading Scheme has been met with hostility by industry, but according to climate change think-tank Sandbag these complaints are disingenuous.
Damien Morris of Sandbag comments, “While industry will make a false show about how taxing these allocations are, the data reveals precisely the opposite. Taken as a whole, manufacturers will be cruising under the ETS even if their emissions climb 50% by 2020.”