CLIMATE CHANGE : CHEMICAL INDUSTRY DISCONTENT OVER ETS REVISION. From: Europe Environment | Date: May 7, 2008 | COPYRIGHT 2008 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The auction of quotas and the lack of foreseeability resulting from a revision clause set for 2011 have been literally shunned by the European chemical industry which considers that, given the rise in the cost of energy and raw materials, the draft directive aimed at amending the modalities of operation of the European Emission Trading Scheme (ETS) will endanger the international competitiveness of the sector.

While it admits that one third of the world's total energy co...