report no. 9/12
In the third trading period under the EU Emission Trading Scheme (EU ETS),refineries and other eligible industrial installations may be granted free CO2emission allowances according to a benchmark based on the 10% most efficientinstallations in the sector. This report describes the process whereby CONCAWE,on behalf of the refining industry, proposed a benchmark for oil refineries under theEU ETS based on the CWT (complexity weighted tonne) concept developed bySolomon Associates. This benchmark defines the basis on which free allowancesare to be allocated to refineries between 2013 and 2020.