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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