With the beginning of the next trading period for emission certificates (NAPIII) in 2013, energy intensive industries in Germany will be facing a considerable increase of CO2 costs that will further go up until 2020. A goetzpartners analysis of 120 industries and their 550 plants has revealed that mainly the cement industry, refineries as well as the steel and iron industry must be prepared for massive reductions of their EBITDA margins.
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