Pulp and paper industry
The EU ETS was the first international policy instrument to introduce regulation of CO2 emissions of pulp and paper companies with installations in Europe. Out of 11, 500 installations introduced to the system about 900 were pulp and paper mills. In terms of allocated emission allowances (EUAs) the pulp and paper industry (hereafter PPI) represents two per cent of the EU ETS (Hyvärinen 2005: 40).
