Planning Agencies: Relaxing EU Climate Rules Barely Reduces Energy Costs

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Proposed relaxations of the European Union's emissions trading system will lead to significantly higher emissions. At the same time, they do little to reduce energy costs for European industry. This is the conclusion of the Netherlands Central Planning Bureau (CPB) in an analysis of the relaxations of climate rules proposed by the European Commission in July.

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Good morning, Planning agencies are highly critical of the European Commission's plans to relax the European Emissions Trading System. Researchers…

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Steel, chemicals, and plastics are the building blocks of the manufacturing industry. In factories, they turn these into cars, furniture, or other goods. But in recent years, European manufacturers of these building blocks have been struggling. For example, they pay more for energy than their Chinese and American competitors. Experts like former ECB chief Mario Draghi fear that factories will leave or close, just as Europe is trying to become le…

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European Commissioner Wopke Hoekstra's plans to relax the European Emissions Trading System barely reduce companies' energy costs,… EU climate rules: relaxation barely lowers energy costs

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THE HAGUE (ANP) - Proposed relaxations of the European Union's emissions trading system will lead to significantly higher emissions. At the same time, they do little to lower energy costs for European industry. This is the conclusion of the Netherlands Central Planning Bureau (CPB) in an analysis of...