Friday February 28, 2020

Cement firms to net €850m carbon windfall

The Irish cement industry stands to make windfall profits of up to €850 million at taxpayers’ expense, according to sources familiar with the EU’s emissions trading scheme.

9th July, 2011
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The Irish cement industry stands to make windfall profits of up to €850 million at taxpayers’ expense, according to sources familiar with the EU’s emissions trading scheme.

The sources estimate that companies such as CRH, Quinn Cement and Lagan Cement have made €226 million over the last five years from the over-allocation of carbon credits by the government.

The sources estimate the cement industry stands to make a further €625 million when...

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