The emissions noose is already tightening around many manufacturers' necks around the world especially in the European Union.
My colleague Philippa Jones of ICIS news reported about the recent changes in the EU emissions bill, which will weigh heavily on the pockets of energy-intensive industries in Europe such as power producers, the chemicals sector, aluminum, and steel manufacturing.
EU steelmakers are already smoldering against the bill, according to Reuters. Like the chemical industry, the EU steel industry worries on becoming less competitive against its global rivals.
The EU commission expects the tightening regulation to increase development of renewables and other emission-reducing alternatives.
An example is Air Liquide's project, which the company says could lower carbon dioxide emissions in industrial plants by using oxygen in a process called oxy-combustion.
Instead of air, using oxygen for the combustion of coal or other fuels will produce purer CO2 that can be captured, stored or use directly as a feedstock (check my previous blogs on new CO2 uses).
In Europe, Air Liquide has partnered with TOTAL to demonstrate the feasibility of the project, while in North America, Air Liquide is working with a power company to implement the technology.
Other emissions-reducing technology is already being worked on as the regulatory clock ticks louder for energy-intensive manufacturers.
Unfortunately for some of them, they might not be able to afford these new alternative technology as they pay the price to reduce their carbon emissions. Either that or they could already be out of business before these technology come out of the market.