0 implications of eu ets for competitiveness energy intensive industry presentation to iea ieta epri workshop on greenhouse gas emissions trading paris 4 5oct2004 michael grubb associated director policy the carbon trust visiting professor climate change and imperial college london & senior research associate department applied economics cambridge university science technology medicine 1 study industrial outline introduction overview results five focus sectors a broader quantitative look at competitive ness issues background main determinants impacts qualitative approach interviews modeling analysis price pass through scenarios electricity cement paper steel aluminium each analysed according appropriate market scale uk indices net value stake exposure vs non trade sensitivity allocations 2 relative will depend examines mix in depth higher low high lower as proportion sector profit ability costs customers based potential increase cost
