EEF, the manufacturers' organisation has warned of the threat to production and investment in the UK on the back of a failure of the Copenhagen talks to reach a stronger agreement to place all coutries on a level footing with the same targets to reduce emissions.
In particular, EEF had hoped that a sectoral approach would be considered in Copenhagen. By targeting key sectors on a global basis, competitive concerns could have been addressed in a rational way, underpinning an effective agreement by helping to broaden participation in global emission reductions.
However, resistance by a small number of developing countries saw this proposal dropped in the last week of the talks. The European Commission is now due to review the EU Emissions Trading Scheme in light of the outcome of Copenhagen.
See full Press Release.
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