Advertisement

Smelters in the EU and the Challenge of the Emission Trading Scheme

  • Heinrich Kruse

Abstract

The majority of scientists believe that the increasing amounts of CO2 emitted into the atmosphere by mankind will have severe impacts on the world’s climate. The Kyoto protocol was one of the first attempts to reduce CO2 emissions all over the world significantly. To enforce the protocol’s intention within the EU, the commission had introduced the so called “Emission Trading Scheme” (ETS). This brought the EU into a leading position regarding the reduction of CO2 emissions. For those parties, who are already affected by the ETS, the emission of CO2 is no longer free of charge. Although the aluminum smelting industry in the EU is exempted from the ETS, it is indirectly — but significantly — affected due to the increasing prices for electrical energy. This paper will give a brief overview about the impacts of ETS and of the national schemes for the competitiveness of the EU aluminum smelters.

Keywords

Emission Trading Scheme Power Price Kyoto Protocol 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. [1]
    Stern Review: The Economics of Climate Change — published in January 2007 available at: http://www.hm-treasury.gov.uk/independent_reviews/stern_review

Copyright information

© The Minerals, Metals & Materials Society 2016

Authors and Affiliations

  • Heinrich Kruse
    • 1
  1. 1.Corus Aluminium Voerde GmbHGermany

Personalised recommendations