Plugging carbon leakage cost £19m last year

The government provided around £19.4m last year in ‘indirect cost compensation’ to offset the international competition effects of the EU emissions trading system

The figures were published on Thursday.

The amount paid to sectors exposed to “genuine risk of carbon leakage due to significant indirect costs that are actually incurred from greenhouse gas emission costs passed on in electricity prices” are required to be published annually under article 10a(6) of the EU Emissions Trading Scheme Directive.

The largest payments went to the iron and steel sector, narrowly ahead of chemicals, while more firms in the paper sector were paid than any other.

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