The debate continues to rage on the best way to benchmark the cement industry for phase three of the EU Emissions Trading System. Robert Camp looks at the arguments
When the EU Emissions Trading System (ETS) was first introduced in 2005, most of the emission allowances were handed out for free, based on historic emissions. The basic idea is that as the ETS matures, the proportion of free allowances will decrease while an increasing number will be auctioned. This gives producers an incentive to reduce emi