Developing a methodology for an EU refining industry CO2 emissions benchmark

06 Dec 2012

In the third trading period under the EU Emission Trading Scheme (EU ETS), refineries and other eligible industrial installations may be granted free CO2 emission allowances according to a benchmark based on the 10% most efficient installations in the sector. This report describes the process whereby CONCAWE, on behalf of the refining industry, proposed a benchmark for oil refineries under the EU ETS based on the CWT (complexity weighted tonne) concept developed by Solomon Associates. This benchmark defines the basis on which free allowances are to be allocated to refineries between 2013 and 2020.