High carbon tax could decrease up to 60% of refining earnings in Asia
06.10.2021
MOSCOW (MRC) -- A high carbon tax could erode up to 60% of Asia's total refining earnings by 2027, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK), at the Global Energy Summit Focus Week, as per Hydrocarbonprocessing.According to Wood Mackenzie's Emissions Benchmarking Tool, the refining industry accounts for only about 3% of global energy sector emissions. This refers to Scope 1 and