European companies outline concerns over emissions trading

As European Union member states busy themselves finalising their national allocationplans (NAPs) for trading greenhouse gases under the EU Emissions Trading Scheme(ETS), a number of European corporates are expressing concern that the schemecould raise power prices and adversely affect their businesses.

Bruno Vanderborght, vice-president, environment, for Holcim, the Swiss cementcompany, last month labelled the scheme “insane.” Speaking at a Europeanemissions conference in Brussels, Vanderbor