In other words, cap and trade would be a boon for carbon-intensive electricity producers--at least those located in unregulated electricity markets--because they raise rates to reflect the market value of those allowances.

FORBES: The Climate Change Trap

American steel is really two industries: a group of low-cost, non-unionised mini-mills and an array of unionised, capital- and labour-intensive integrated steel producers.

ECONOMIST: Why protecting American steel is such a rotten idea

But in a consultation paper published alongside the Bill, Mr Davey said energy-intensive industries, such as steel and cement producers, would be exempt from additional costs arising from measures to encourage investment in new low-carbon production.

BBC: Energy Bill to create 'low carbon economy', says Davey