This paper is meant to deliver input into the political discussion on Emission Performance Standards (EPS) in the EU power sector. The paper will explore the effects of the introduction of an EPS on electricity sector emissions until 2030 and discuss various EPS related implementation issues.

Bowing to continuous government pressure, the steel industry today agreed to cut prices by Rs 4,000 a tonne on flat products, used in consumer durables and automobiles, and Rs 2,000 a tonne on long products, used in construction, with immediate effect. The industry also reiterated its April 22 commitment to hold prices for the next three months. The decision to cut prices, the third and the steepest this year, followed a meeting with Prime Minister Manmohan Singh, Finance Minister P Chidambaram and Steel Minister Ram Vilas Paswan.