Breakdown
Breakdown. 164 out of 258 manufacturing sectors gained free allowances O nly 13 out of 164 sectors ‘ at risk of carbon leakage ’, these 13 sectors: P assed on the ' cost’: windfall profits O verallocation of EUA s , (2009) 44,9Mt; (2012) 245 Mt or € 3.4 billion
Breakdown
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Presentation Transcript
Breakdown • 164 out of 258 manufacturing sectors gained free allowances • Only 13out of 164 sectors ‘at risk of carbon leakage’, these 13 sectors: • Passed on the 'cost’:windfall profits • Overallocationof EUAs, (2009) 44,9Mt; (2012)245 Mt or €3.4 billion • Continue to buy offsets from Indian and Chinese competitors: profits • Result: no net domestic abatement will take place until 2017. • China is moving, closing 2000 non E-efficient factories and increasing E-efficiency by 40-45% • Low-carbon jobs at risk, up to 2 million by 2020
