Study challenges ETS free allocation system

European heavy industries have made €24bn from the over-allocation of free ETS allowances, according to new research, suggesting an imbalance in the EU's carbon leakage measures

European heavy industries have made €24bn from the over-allocation of free carbon allowances in the emissions trading system (ETS), suggesting an imbalance in the EU’s carbon leakage measures, according to research published today.

The study by consultants CE Delft for NGO CarbonMarket Watch found that energy-intensive industries have been able to profit substantially from the ETS, in addition to the costs avoided from receiving free allowances.

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