(Bloomberg) -- European factories and oil refineries
may be able to make as much as 760 million euros ($1 billion) by
exploiting price differences between carbon-emission permits in the
region and those in developing countries, Fortis said.
Factories such as cement makers and steelworks may be able to
sell more expensive European Union permits to regional utilities,
which are likely to need additional allowances to meet emissions
targets, said Kris Voorspools, an analyst with Fortis in Brussels.
The profit will come from industry's ability to meet its own limits
using less expensive certificates from outside the EU or
transferring the right to import for a price.
Read more at Bloomberg Energy News
may be able to make as much as 760 million euros ($1 billion) by
exploiting price differences between carbon-emission permits in the
region and those in developing countries, Fortis said.
Factories such as cement makers and steelworks may be able to
sell more expensive European Union permits to regional utilities,
which are likely to need additional allowances to meet emissions
targets, said Kris Voorspools, an analyst with Fortis in Brussels.
The profit will come from industry's ability to meet its own limits
using less expensive certificates from outside the EU or
transferring the right to import for a price.
Read more at Bloomberg Energy News
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