The recent drop in prices on the EU’s Emissions Trading System (EU ETS) threatens to slow industrial decarbonisation and to deprive state treasures of urgently needed funds for climate action.
The debate on EU industrial subsidies in the face of the US Inflation Reduction Act and against the backdrop of the Emissions Trading System (EU ETS) and Carbon Border Adjustment Mechanism (CBAM) deals raises some uncomfortable questions.
We write to MEPs to express our grave concern about the European Commission’s proposal to generate EUR 20 billion from the auctioning of allowances held in the Market Stability Reserve (MSR) of the EU Emissions Trading System (ETS) in order to finance measures under the REPowerEU plan, including gas and oil infrastructure. Together with our …
Read more “Urgent call to veto Commission proposal on releasing allowances from the market stability reserve to finance REPowerEU measures”
Carbon Market Watch and other green NGOs express their grave concern about the European Commission’s proposal to generate €20 billion from the auctioning of allowances held in the Market Stability Reserve (MSR) of the EU’s Emissions Trading System (ETS) in order to finance measures to help fund the REPowerEU plan, which includes gas and oil …
Read more “MEPs must veto proposal to release allowances from the Market Stability Reserve to finance REPowerEU”