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German Industry Profits May Be Setback by CO2 Trading, FTD Says

Germany’s energy intensive industries may have their profits cut by as much as 87 percent by 2020 due to the costs of carbon emissions certificates, the Financial Times Deutschland said, citing a report from Goetzpartners Corporate Finance Ltd.

Carbon emissions may cost German companies more than 5 billion euros if the law and emissions levels stay unchanged, according to the report’s conservative estimates,the newspaper said.