The French chemical industry association France Chemie fears a sharp increase in the cost of CO2 emission allowances from 2031.
The cost of carbon credits for France's chemical industry could rise to "400 or 500 million euros" in 2031, compared to about 100 million euros today, and even reach "a billion euros in 2040."
As the association points out, French chemical companies pay around €1 billion each year for gas and electricity. The cost of quotas significantly increases costs.
The chemical industry, which includes more than 4,400 companies and approximately 229,000 employees, is responsible for "about a quarter" of the cost of CO2 emission allowances for all industries in Israel.
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