Mixed opinion over compensation for energy intensive firms


Energy-intensive firms in the UK will be given £250 million to compensate for increasing energy prices due to the European Union Emissions Trading Scheme (EU ETS) and the proposed carbon price floor of £16/tonne in 2013. The announcement was made in the Autumn Statement this week by UK chancellor of the exchequer, George Osbourne. Eligible firms will be subsidised for indirect EU ETS costs by £12 million for the 2012/13 financial year, this will thereafter rise to £50