EU hands industry €24 billion in pollution windfall

Brussels, 15 March 2016: New analysis shows how industry across Europe has earned a €24 billion windfall from 2008 to 2014, under the EU Emissions Trading Scheme (EU ETS). This is the main policy used across the EU to “cost-effectively”[i] reduce CO2 emissions across industry. The findings in a report ‘Calculation of additional profits of sectors and firms from the EU ETS’, from independent environmental analysts CE Delft, adds momentum to calls from MEPs and campaigners for an overhaul of the policy ahead of the negotiations to revisit the ETS rules this year at EU level.