Pursuits
Free Carbon Permits, Aid Will Protect EU Industry, Envoy Says
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Free carbon allowances and state aid to steelmakers and big electricity users will protect European Union companies from competitors without emission caps, the European Commission’s climate envoy said.
The 27-nation EU is looking at the possibility of a law to allow state aid to companies that would kick in once electricity prices reach a certain level, the envoy, Artur Runge-Metzger, said today in an interview in Bonn. Envoys are meeting there for two weeks of climate change talks that began yesterday. The bloc can also give free carbon permits to those companies under current laws, he said.