Sunday September 20, 2020

Carbon credit system for cement could cost taxpayers €400m

A carbon credit system for the cement industry could cost taxpayers up to €400 million over the next eight years because it is based on Celtic tiger-era production levels.

2nd December, 2012

A carbon credit system for the cement industry could cost taxpayers up to €400 million over the next eight years because it is based on Celtic tiger-era production levels, according to the director of a 'green' cement manufacturer.

The EU's Emissions Trading System (ETS) provides a free but diminishing allocation of CO2 credits to heavy industry, such as power generation and cement production, to encourage them to move to more efficient manufacturing practices.

The allocation...

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