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Parliament must defend effective carbon price for material sectors

Authors : Karsten Neuhoff et Oliver SartorWith euractiv.com / 26th of January 2017

"On 15 February, the European Parliament will hold a crucial vote on the reform of the Europe’s flagship climate policy instrument – the European Emission Trading System (EU ETS).

The outcome of this vote for EU climate policy cannot be overemphasised. It will help to decide whether the EU ETS will drive necessary low-carbon innovation and investment in Europe’s industry over the coming decade, as long promised.

If not, a realistic scenario is that the EU ETS will slowly sink into oblivion as a 'failed policy experiment', leaving European industry nowhere closer to decarbonisation in a fast-changing world. [...]"

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