Faced with the imminent cost of financing Spain's burgeoning greenhouse gas emissions levels in the future EU emissions market, industry bosses have for the first time questioned the consensus acceptance of the country's commitment to limit emissions under the Kyoto protocol and urged a renegotiation.
In an address to chemicals industry federation Feique last week, association president Francisco Belil argued that Kyoto treats Spain unfairly in terms of permitted emissions per inhabitant. "It is urgent that the Spanish authorities demand a revision of the established quotas because Spain is being asked to make a bigger effort than other countries with unjust and unacceptable repercussions for the economic development of our country," he said.
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