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EU considers more free CO2 permits for steelmakers: sources

Fri, 12/14/2012 - 12:25pm
Reuters

BRUSSELS (Reuters) - The European Commission is considering whether to hand out more free pollution allowances for the steel sector next year to counter the risk the industry could be driven out of Europe, EU sources said.

The cost of carbon on the Emissions Trading Scheme (ETS) has collapsed to record low levels under the burden of excess supply. Earlier this month, it hit a new low of 5.61 euros a metric ton (1.1023 tons).

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