First there was anal leakage
!SSI reassured over carbon limits for Redcar plant
A spokesperson for the Department of Energy and Climate Change said rules for free allocation of allowances to installations were agreed by EU member states in December.
“During the meeting, Greg Barker emphasised that these rules provide for installations that expand production capacity to have access to an increased level of free allocation, subject to certain minimum criteria for expansions.”
Under EU rules, steel producers in the EU receive 100% of their allowances for free – but only up to a benchmark based on the 10% most efficient European installations.
The sector was deemed to be at “significant” risk from “carbon leakage” – when energy-intensive industries move operations to less regulated countries outside the EU to remain competitive.
Why bother with the carbon credit regime at all when it can be diddled in this way? Looking the other way to create/protect jobs demonstrates that they aren't committed to the idea of reducing carbon dioxide emissions. They have set up a stream of revenue and begun exempting those industries and businesses that can successfully lobby for special treatment.
A couple more articles from the same site:£600m investment plan by new owners of TCPSSI and Tata Teesside steel deal is signed