Emissions Trading System

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Presentation transcript:

Emissions Trading System Javier Goñi del Cacho CEO Fertiberia, Spain President, Fertilizers Europe EPP Public Hearing Emissions Trading System 4 May 2016

Differentiation between sectors is necessary Source: joint non-paper by France and the United Kingdom

Tiering - Differentiation Tiering is the Answer Correction Factor Carbon Leakage Factor Industry allocation = Benchmark Production volume Tiering - Differentiation 5 Flat-Rates Dynamic Advantage Links protection to highest exposure Reflects technological reality Keeps production in Europe