Description:
Basic materials industries such as steel and cement manufacturing generate around 25 percent of worldwide carbon emissions • The European Union Emissions Trading Scheme (EU-ETS) could play an important role in reinforcing innovation and investment in climate-friendly technologies. Generous exemptions under the EU-ETS rule for globally traded basic materials weaken the effect A climate deposit in the form of a charge for using basic materials is one possible solution to restore the incentives. The proceeds could be redistributed among all citizens