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Thursday, 09 June 2011

Helping EU industries to speed up carbon efficiency

Energy-intensive manufacturing industries are facing significant additional costs for their green house gas (GHG) emissions with the entry into force of the revised EU Emissions Trading Scheme (EU ETS) as of 1 January 2013. To help GHG intensive installations to cut ETS costs by reducing emissions the European Commission has launched a call for proposals in the context of the new Sustainable Industry Low Carbon initiative. It consists of a set of sector-specific industrial projects aiming to find innovation measures to reduce the carbon-intensity industries. Each project will be carried out by a consortium of industrial stakeholders. The EU will provide co-financing up to 75% in form of grant agreements. European Commission Vice-President Antonio Tajani, responsible for industry and entrepreneurship said: “We need to tackle the problem of Climate Change, but we cannot renounce on industrial production in Europe. Therefore, our initiative intends to help industry to adapt and modernise becoming more energy efficient and competitive on the global markets and to keep employment in the EU.”

Source: European Commission