Industries with high electricity consumption could be shielded from the negative economic consequences of carbon trading after 2013 by being directly compensated with revenues from carbon allowance auctions rather than free emission allowances, the French EU presidency has proposed.
France tabled the proposal to fellow member states last week as part of talks to agree a revision of EU rules underpinning Europe's carbon market. The idea would amend in part a European commission proposal to fight the risks of carbon leakage by giving out free allowances.
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