Energy-intensive industries have passed on the cost of buying CO2 allowances to consumers to a large extent, new research for the European Commission has found.
Over 60% of product prices investigated in six energy-intensive sectors in various European countries were “significantly influenced” by carbon costs, according to research by consultancies CE Delft and ?ko-Institut published on Friday.
Refineries had high indicative pass-through rates of 80-100% for petrol and 100% for diesel. Similarly high rates were also found in the fertilizer and petrochemical industries.
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