Asia Pacific > China steel producers warn of losses if govt cuts CO2 allocation

China steel producers warn of losses if govt cuts CO2 allocation

Published 12:29 on April 10, 2017  /  Last updated at 13:43 on April 10, 2017  / Stian Reklev /  Asia Pacific, China  /  No Comments

China’s steel producers could face additional costs of 400 million yuan ($58 million) annually if the government reduces their free allocation of CO2 permits by 1% each year, the sector said Monday.

China’s steel producers could face additional costs of 400 million yuan ($58 million) annually if the government reduces their free allocation of CO2 permits by 1% each year, the sector said Monday.

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