Athens Asks for Special Treatment to Cope with CO2 Cost
Monday, 27 January 2014
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.