05.07.2009
A system giving eligible customers a right of access to transmission systems, distribution networks or terminals on the basis of published tariffs.
Regressive systems are those fiscal systems where a higher proportion of the government share is taken early prior to project payout – the point where costs have been recovered. Regressive systems are characterized by fixed, upfront, or non profit sensitive, fiscal elements such as asset taxes, import duties, bonuses, and fixed royalties. As the combination of fiscal elements moves away from a regressive system and becomes more progressive, it indicates that the government share increases with profitability.
REACH is a new European Community Regulation on chemicals and their safe use. It deals with the Registration, Evaluation, Authorization and Restriction of Chemical substances. The new law entered into force on 1 June 2007. The aim of REACH is to improve the protection of human health and the environment through the better and earlier identification of the intrinsic properties of chemical substances. At the same time, innovative capability and competitiveness of the EU chemicals industry should be enhanced.