Copenhagen:The Cost(?) to Redcar

At the time of the announced closure of the Corus steelworks. those who follow the BBC Newsnight blog will know I brought up the value of the carbon allowances that could be sold. I pointed out the figure from one steelworks would amaze. Some of us set about trying to find the figure.

This has just surfaced on James Delingpole blog at the Daily Telegraph.

£600 million

Though with opening another steelworks in India, to maintain levels of production, with European levels of emissions it appears another £600 could be claimed. Making a total of £1.2 billion.

Thanks to James for the info. Though I haven’t checked all the references to source.

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