Breakdown 164 out of 258 manufacturing sectors gained free allowances Only 13 out of 164 sectors ‘at risk of carbon leakage’, these 13 sectors: 1.Passed.

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Presentation transcript:

Breakdown 164 out of 258 manufacturing sectors gained free allowances Only 13 out of 164 sectors ‘at risk of carbon leakage’, these 13 sectors: 1.Passed on the 'cost’: windfall profits 2.Overallocation of EUAs, (2009) 44,9Mt; (2012) 245 Mt or €3.4 billion 3.Continue to buy offsets from Indian and Chinese competitors: profits  Result: no net domestic abatement will take place until China is moving, closing 2000 non E-efficient factories and increasing E-efficiency by 40-45% Low-carbon jobs at risk, up to 2 million by 2020

Allowances gained from reduced production

Allowances per sector

Surpluses as percentage

Overallocation

Minding the GAP: -1.4 billion tons

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