Europe’s carbon market is broken
Excess CO2 allowances:
At this rate the surplus will reach billion tonnes by 2020.
This is equivalent to extra tonnes per second.
Rate of energy demand growth
Tap the slider to change the rate
per annum
Emissions in Europe are steeply declining and the ETS is failing to keep pace. Read
here
(pdf) for the reasons why we believe energy demand is falling and the surplus
growing.
Underlying demand for electricity is key but even changing it to grow each year
doesn’t stop the surplus building – it merely slows the rate of increase.
Read our new report:
Slaying
the Dragon
Brussels must fix the ETS within the next 12 months.
Otherwise it will be time to scrap it
and find a climate policy that works.
