France says EU countries support indirect ETS compensation

An EU fund to compensate industry for the indirect costs of the emission trading scheme has sufficient backing from member states to be approved by the Council, according to France

An EU fund to compensate industry for the indirect costs of the emission trading scheme (ETS) has sufficient backing from member states to be approved by the Council, according to France.

A Franco-Italian proposal for a harmonised compensation scheme has already received the backing of a sufficient number of countries, including Spain, Portugal and Greece, France’s deputy permanent representative Alexis Dutertre said on Tuesday.

France is the latest EU member state to set up a national scheme to provide financial support to its industries for the increase in electricity bills resulting from emissions trading.

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