ETS deal - a first glimpse of hope for the EU carbon market?

Posted on 28 February 2017

Responding to today’s deal reached by the EU Environment Council on the EU Emissions Trading System reform proposal, Imke Lübbeke, Head of Climate and Energy, WWF European Policy Office said:
Responding to today’s deal reached by the EU Environment Council on the EU Emissions Trading System reform proposal, Imke Lübbeke, Head of Climate and Energy, WWF European Policy Office said:

EU environment ministers today acknowledged the need for tighter measures in the European carbon market: the cancellation of unused allowances from the Market Stability Reserve is a small step in the right direction. However, overall, the agreed measures are too weak to secure meaningful carbon pollution pricing in Europe.
 
For example, ministers agreed to continue flooding the market with free pollution permits to heavy industry, rather than auctioning them and using the revenues for climate action and climate finance.

The upcoming negotiations between the European Parliament and Member States must be used to correct these mistakes to make the EU carbon market fit for purpose."

Contacts:

Imke Luebbeke
Head of Unit, EU Climate and Energy Policy
WWF European Policy Office,
iluebbeke@wwf.eu
+32 2 743 88 18

Angelika Pullen
Communication Director
WWF European Policy Office
apullen@wwf.eu
+32 2 740 09 25
ETS deal - a first glimpse of hope for the EU carbon market?
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