After 20 years of the EU Emissions Trading System (EU ETS), European heavy industry is still not paying the price of their pollution. Many companies score profit from ETS1 without making the crucial investments into industrial transformation. The Commission’s revision proposal falls short in finally planning for the end of free pollution permits but does …
Read more “Era of European industry free lunches needs to stop”
The Commission planted a carbon bomb in its proposal to reform the supply control mechanism within the EU’s carbon pricing scheme for road transport and buildings.
In response to pressure from national governments, the European Commission has proposed changes to the Market Stability Reserve that will regulate the supply of pollution allowances for the new Emissions Trading System for road transport and buildings (ETS2). While a couple of changes are welcome, others risk stifling the system’s climate effectiveness. In recent months …
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