Argus White Paper: German industrial emissions
Europe’s heavy industry is under pressure to cut its emissions. The greenhouse gas output of EU industry has barely fallen since 2013 - a trend that has not gone unnoticed by policymakers. In a bid to accelerate emissions cuts in sectors such as steel, chemicals and cement, the EU is considering the introduction of a carbon border tax. This could see industrial sectors lose their free allocation of allowances under the the EU emissions trading system (ETS), in exchange for protection against cheaper imports. Further reforms to the European carbon market may also be on the way, which could hike carbon costs for industry.