A letter addressed to Commissioner Hoekstra and Commissioner Jørgensen from the European Environmental Bureau, Climate Action Network Europe and the LIFE Effect consortium – to which Carbon Market Watch is a member – relating to ideas for a reform of the ETS2, in particular the MSR2, as proposed by a recent non-paper signed by 16+ Member States.

We are concerned that reforming the MSR of the ETS2 will lead to higher emissions, create difficulties for EU countries in achieving their climate targets and undermine the political credibility that is necessary for investments in clean technologies. We see alternatives for stabilizing the ETS2 price and ensuring public acceptance of this crucial climate policy measure.