EU ETS at a crossroads: recalibrating an oversupplied market to spur investments and innovation
posted by Rob on 26th Jan 2013
The European Parliament will soon vote on the European Commission’s proposal to amend the EU’s Emissions Trading Scheme(EU ETS) Directive. In order to correct the massive imbalance between supply and demand in the carbon market, the European Commission has proposed to delay the auctioning of 900 million (mln) allowances, a process called “back-‐loading”. The Parliament and EU governments have been asked to clarify the mandate of the Commission with regards to delaying the timing of emission allowance auctions.
Please click HERE to read the join NGO (CAN-E, WWF, Greenpeace & Sandbag) briefing explaining why a swift EU ETS fix is needed.