Four main issues are exercising people’s minds in the reform of the EU ETS: the steepness of the target, international competitiveness, overlapping policies and the European Commission’s plan for an intervention mechanism.
This is how industry sees itself, labouring up a steep slope, shouldering the burden of multiple regulations, attacked by foreign competition and there’s the elfin Commission meddling in the works.
This is how environmentalists see the plight of industry — the same elements from a different perspective. Is that little EU elf putting in a wider hoop to make life easier for Lord Pie?
