Posted on June, 11 2016

For well over a decade the EU Emissions Trading System (EU ETS) puts a price on greenhouse gas emissions from Europe’s largest carbon polluters.

However, the EU ETS has:

• Failed to achieve adequate emission reductions while the carbon price signal remained ineffective.
• Undermined the polluter pays principle by issuing vast amounts of free pollution permits to energy-intensive sectors.
• Missed the opportunity to invest in a clean and competitive economy for the future.

In our position paper, we outline our top five recommendations in order to rescue the EU ETS from redundancy and to deliver a carbon market with society wide benefits.