Britain starts paying cash to help industry with EU CO2 costs

Britain has begun paying firms millions of pounds in compensation to industrial companies help shield them from higher energy bills due to European carbon permits, a government spokeswoman said on the 7 November 2013.

Germany and the Netherlands have similar schemes, which have got approval from the European Commission and are designed to help compensate industrial companies from higher energy prices resulting from carbon costs.

• Primary Source

ESO: Background information: Creating an independent carbon authority might offer a solution for reforming the EU’s Emissions Trading Scheme http://www.europeansources.info/record/creating-an-independent-carbon-authority-might-offer-a-solution-for-reforming-the-eus-emissions-trading-scheme/

ESO: Background Information: Zombie carbon markets to be shocked back to life http://www.europeansources.info/record/zombie-carbon-markets-to-be-shocked-back-to-life/

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