Making EU ETS revenues work for people and climate
Posted on June, 28 2021
WWF has calculated that a potential €54 billion was ‘foregone’ or lost due to free allocation of emissions allowances, under the EU Emissions Trading System from 2013-2019.
What’s more, of the €49 billion raised, €13.3 billion was not spent on climate action, according to Member States’ reporting. And of the money they reported as spent on climate action, some actually went towards counterproductive activities such as oil boilers, gas powered convectors, and subsidies for energy-intensive companies.
Altogether, this means the climate lost out by at least €67 billion of possible EU public spending from 2013-2019.
Read: Fit For 2030: Making EU ETS Revenues Work for People and Climate summary report and full report
Contact:
Romain Laugier
Policy officer
rlaugier@wwf.eu
Lyndsay Walsh
Policy assistant
lwalsh@wwf.eu
Sarah Azau
Media and communications manager
sazau@wwf.eu
Tel: +32 473 573 137
Altogether, this means the climate lost out by at least €67 billion of possible EU public spending from 2013-2019.
Read: Fit For 2030: Making EU ETS Revenues Work for People and Climate summary report and full report
Contact:
Romain Laugier
Policy officer
rlaugier@wwf.eu
Lyndsay Walsh
Policy assistant
lwalsh@wwf.eu
Sarah Azau
Media and communications manager
sazau@wwf.eu
Tel: +32 473 573 137