In view of the trilogue negotiations for the revision of the Emissions Trading System, Tasos Chatzieleftheriou, Energy Policy Analyst at The Green Tank analyzes the positions of the European Commission, the Council of the European Union and the European Parliament based on the model developed by CLIMACT and concludes with recommendations for Greece’s priorities.
As the EU institutions enter into a three-way trilogue on the reform of the Emissions Trading System (EU ETS), we present you with this handy comparative analysis of the options on the table and Carbon Market Watch’s recommendations.
Although EU member states are meant to spend at least half of the revenue from the sale of CO2 allowances on climate action, many are using them as subsidies for the installation of new fossil fuel boilers or to reduce energy prices in industry
EU must stop subsidising polluters with hundreds of billions in free emissions allowances, green groups demand
Even though the European Union’s Emissions Trading System has already issued over €200 billions in free emissions permits, the European Commission is proposing hundreds of…