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EU ETS proposals cause paper profitability concerns

Warnings about weakened profitability in the paper industry have come as the European Commission presented its proposed EU CO2 Emission Trading System (EU ETS) revisions.The Confederation of European Paper Industries (CEPI) said that unnecessary damage to its industry could come from what it called the first direct EU tax as it asked for immediate classification of its industry as energy intensive.CEPI managing director Teresa Presas said: It is essential that the ...