European Parliament compromises on ETS reform but it’s not enough to save the climate
Brussels, Belgium: Today the European Parliament adopted a compromise to revive the EU’s flagging carbon market, the EU Emissions Trading System (ETS). With carbon prices already at all-time lows, Member States now need to put the right price on pollution by strengthening today’s result.“The European Parliament has done the minimum to rescue the ETS from redundancy,” said Sam Van den plas of WWF European Policy Office. “Member states should back further measures to eliminate these toxic tonnes permanently from the EU’s carbon market.”
Parliament rejected provisions that would immediately reintroduce all back-loaded allowances, and provide exemptions and subsidies to heavy industry that assume far higher carbon prices than are seen in reality.
“Today the European Parliament used its second chance to get back-loading right,” said Julia Michalak of CAN Europe. “By approving back-loading and rejecting several dangerous loopholes that had been proposed as part of a compromise, they’ve paved the way for the necessary deep reform of the EU ETS. Member States must start to negotiate the final outcome as soon as possible - we have lost enough time already.”
CAN Europe and WWF call on EU policy makers to come up with robust proposals to increase EU climate action.
Editor’s notes: Our campaign
See what the future could look like if Member States support the backloading amendment. Check out the July 2014 edition of the Future Times here.
High resolution images of NGOs distributing the Forward Times are available here. Please credit Lode Saidane/CAN Europe/WWF if reproducing the photographs. A video of paper distribution is available here.
For more information on the ETS and our position on reforming the system to make it work, see our briefing ‘EU ETS at a crossroads - NGO Briefing - January 2013’.
For more information:
SAM VAN DEN PLAS
Climate Policy Officer, WWF European Policy Office
Svandenplas@wwf.eu, +32 485 95 22 01
EU Climate Policy Office, CAN Europe
Julia@caneurope.org, + 32 495 77 45 68
Climate and Energy Media Officer, WWF European Policy Office
Agueudet@wwf.eu, + 32 4 94 03 20 27
Communications Manager, CAN Europe
Vanessa@caneurope.org, +32 494 525 738
Source of the article