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EII exemptions are designed to provide relief to energy-intensive industries from the cost of renewable energy and carbon pricing policies. By reducing the financial burden on these industries, the exemption encourages them to maintain or expand operations in the UK rather than relocating to regions with less stringent environmental regulations. It is hoped that this stability and support for energy-intensive industries can indirectly promote investments in energy efficiency and carbon reduction measures within those industries.
EII exemptions can also free up financial resources within energy-intensive industries, which can be redirected towards research and development efforts focused on improving energy efficiency, reducing emissions, and developing cleaner production processes. This investment in innovation can lead to the development of new technologies and practices that not only benefit exempted industries but also have broader applications across other sectors, further contributing to carbon footprint reduction efforts.
