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

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

3. 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