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  • EUROFER Initiates Legal Action against European Commission over Steel Benchmarks

    Posted on April 6th, 2011 admin No comments

    The European Confederation of Iron and Steel Industries (EUROFER) has announced that it will challenge the European Commission’s decision on establishing benchmarks under the European Emissions Trading System (ETS), once adopted by the Commission in mid-April 2011. In a press release issued by EUROFER, Gordon Moffat, director general, says, “From the very beginning of the Commission consultation process on benchmarking we have stressed that the proposal made by the Commission’s climate department for the steel benchmarks infringes the ETS directive. The directive requires that best performers in carbon leakage sectors receive for free all the allowances necessary to cover their emissions in order to prevent de-localization of emissions, production and jobs to countries outside Europe – that’s the rule, but since it is not being applied for the steel industry, resulting in billions of additional costs, we now have no other choice than to go to court.” The directive requires the setting of benchmarks that determine the level of free allowances for industrial sectors, starting in 2013

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    EUROFER Initiates Legal Action against European Commission over Steel Benchmarks

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