Athens Asks for Special Treatment to Cope with CO2 Cost

Athens Asks for Special Treatment to Cope with CO2 Cost

The government in Athens proposed that recession-hit countries receive special treatment in the application of EU carbon emission rules that would allow them to curb the rising energy costs of its firms and improve their competitiveness, Reuters reported.
According to the Greek energy ministry, local firms may lose an additional 33,000 jobs through 2020, unless special provisions are introduced in rules to lower the costs, Reuters reported. 
"We propose that the European Emission Trading System identify specific ways to assist countries in an unprecedented economic recession and/or exposed to a higher level of EU-competition," the energy ministry said in a document. The ministry notes that Greek companies will lose competitiveness against firms in nearby countries not bound by EU carbon emission rules.
Last week the EU Commission said it would revise its long-term climate and energy targets  because of tough economic conditions but Greece's request would go beyond the Commission's plan.
 
Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.