China's commitment to reduce its CO2 emissions per unit of national income by 40-45% in 2020 compared to 2005 levels is insufficient to protect European steelmakers from carbon leakage, trade association Eurofer warned on Tuesday.
The association is concerned the European Commission will use "any kind of agreement" in Copenhagen as an "excuse" to either eliminate free carbon allowances planned for EU manufacturers most at risk of carbon leakage or to cut down the number of eligible sectors.
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