Assessing The External Costs And The Economic
Viability Of The Greek Steel Industry
Author(s)
D. Damigos & D. Kaliampakos
Abstract
In recent years, legislative requirements and environmental policies at European,
as well as national, level seek to internalize the environmental impacts that have
been traditionally viewed as externalities, in order to come up with more
informed and fair choices. The IPPC (Integrated Pollution Prevention and
Control) Directive 96/61/EC lays down a framework requiring Member States to
issue operating permits for certain installations based on best available
techniques (BAT) in order to achieve a high level of protection of the
environment. This framework gives clearly importance to economic aspects.
More specific, the environmental effects of an installation or a sector are
compared against the costs for taking preventive measures against pollution, in
order to determine which, if any, meet the criteria of BAT. The scope of the
paper is to explore the effects of BAT implementation in the Greek steel sector
towards eliminating air emissions from steel production. The analysis is based on
pollutant emissions gathered by reports prepared for the European Pollutant
Emission Register (EPER) and on external costs, in terms of euros per tonne of
pollutant emitted, generated by European Programmes. The externalities
estimated are compared to important financial indicators of individual steel
producers and of the sector, as well, in order to provide necessary input for
assessing the economic viability of the industry under investigation.
Keywords: externalities, steel industry, air emissions, best available techniques.
1 Introduction
It is commonly accepted that iron and steel, together with coal, have played an
important role in the development of human civilisation. These were the
Keywords
externalities, steel industry, air emissions, best available techniques.
Related Book
Other papers in this volume
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