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Externalities
In the context of economics, an externality is a consequence of a business or industrial activity that affects third parties but which is not reflected in market prices.

Construction slowdown a factor in lower EU ETS CO2 emissions in 2025: EC
CO2 emissions from the industrial sectors led to a year-on-year drop in 2025 under the EU Emissions Trading System, according to verified European Commission figures released in April.

Hard-to-abate
Refers to sectors in which greenhouse gas emissions are difficult to reduce. Includes industries such as iron and steel, cement, refining, chemicals, shipping, aviation and heavy duty trucks.
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