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Biggest Dutch union group calls for pay rises of 5% to 14%

Biggest Dutch union group calls for pay rises of 5% to 14%

Dutch government grants $2 4bn in subsidies for giant North Sea CCS project

2. A spokesperson for Porthos told Upstream the Dutch government would help bridge the gap in costs between the European Union Emissions Trading Scheme (ETS) and the costs of CCS via the subsidies. The subsidy scheme is structured in such a way that the government annually only pays out the actual difference between the ETS and the costs of CCS as a subsidy, she said. The ETS price is likely to increase, and so the amount of subsidy will probably decrease. With the subsidy, companies can decrease their CO 2 emissions, but will not experience a competitive disadvantage compared to their international competitors.

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