Heavy industry urges rethink on emission credit tool

Heavy industry urges rethink on emission credit tool
Gavin Evans
Heavy industry is urging the government to rethink its approach on one of the tools used to allocate emission credits to energy-intensive businesses.The Major Electricity Users’ Group says the Ministry for the Environment’s surprise review of the electricity allocation factor – which is intended to reflect how carbon costs influence electricity prices – could render “meaningless” much of the work firms have been doing on how credits granted to energy-intensive businesses should be wound down over time.Changing the allocation factor now also run...

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