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EU carbon bill soaring from 2013-2020 - Voestalpine 金属展-冶金展-2014广州金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-The 15th China(Guangzhou)Int’l Me
tal &Metallurgy Exhibition

11/9/2013  metal expo-metallurgy expo
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    Austrian steelmaker Voestalpine AG said it paid roughly EUR 50 million for European carbon permits between 2008 and 2012 and expects to pay a multiple of that number from 2013-2020 as EU carbon tax laws are revised.

In a bid to support flagging carbon prices in Europe, the European Commission recently announced plans to temporarily hold back the supply of 900 million of the EU carbon permits that companies are forced to buy to cover their emissions.

Mr Wolfgang Eder CEO told a news conference in London that "On the one hand the industry is being forced politically not to withdraw from Europe, on the other hand there is every few months a new decision putting pressure especially on the cost side.”

Mr Eder, who said overcapacity in Europe''s steel industry remains at a crippling 30 to 40 million tonnes, was speaking after the company posted second quarter earnings before interest and tax of 177 million euros.

  金属展-冶金展-2014广州金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-The 15th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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