EU Emission Trading System: Our 5 recommendations for a sensible use of the "Modernisation Fund"

The EU Emission Trading System (ETS), launched in 2005, is a pillar of EU climate policy and the largest system of its kind. Giving a price to carbon and a limited «right to pollute» through Greenhouse Gas (GHG) emission allowances, it should lead to widespread emission cuts. However, the EU ETS has so far failed to deliver, resulting in a carbon price of only €5 and billions of Euros of profits for carbon polluting industries. Moreover, the top-down EU ETS has not been faithful to Europe’s (…)

Fuente: ENERGY CITIES
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