Fines for four firms

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Four companies were recently fined more than £750,000 for failing to account for their carbon emissions during the first year of the European Union Emissions Trading Scheme.

The

recently penalised Alphasteel, Scandstick, Daniel Platt, and Mars (UK) (trading as Masterfoods) over £750,000 for breaches of EU environmental regulations.

The companies failed to account for their carbon emissions during the first year of the European Union Emissions Trading Scheme (EU ETS).

Targeting the most carbon intensive industrial operators, the EU ETS provides financial incentives for industry to become more efficient and reduce the greenhouse gas emissions.

Environment Agency Chief Executive, Barbara Young said: ‘The European Emissions Trading Scheme is our most important mechanism for reducing the greenhouse gas emissions that cause climate change.

‘The Environment Agency has successfully invested a lot of time and effort engaging with industrial operators to ensure a rigorous, consistent and effective approach to regulating the EU ETS.

‘Unfortunately four companies out of 535 in England and Wales failed to surrender sufficient carbon dioxide allowances by the due date to cover their emissions. This is the cornerstone of the scheme. As such they are liable to automatic civil penalties.’

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