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Steel, Cement, Paper Companies Can Cut Carbon 80%, Lobby Says
2010-10-13 09:39:16.648 GMT
By Mathew Carr
Oct. 13 (Bloomberg) -- The European Union's steel, cement
and paper industries can cut greenhouse gas 80 percent by 2050
using existing technology or new processes to be developed
within 20 years, the environmental-lobby group CAN Europe said.
"Most of those technologies are in pilot phase or close to
being applied in small-scale demonstrator projects," Climate
Action Network Europe, a Brussels-based coalition of 130 lobby
groups seeking to slow climate change, said today in an e-mailed
statement. The group based its information on a June report by
CE Delft, the Delft, Netherlands-based environmental researcher.
The EU is seeking to balance the goal of reducing
allowances in its carbon-trading market, the world's largest,
with limiting cost increases for energy-intensive industries.
It's also seeking to distribute a smaller portion of allowances
for free. At the same time, refiners and other companies that
face higher costs are trying to persuade the EU to put off plans
until later this decade to scale back free allowances for less-
efficient plants.
For Related News and Information:
Emissions trading stories NI ENVMARKET <GO>
Global carbon emissions EMDA <GO>
--Editors: Mike Anderson, Randall Hackley.
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or
sev@bloomberg.net
