MEPs and NGO demand EU action to stop ETS sinking

摘要

Both MEPs and a leading climate non-governmental organisation are demanding that the EU take action to stop its Emissions Trading Scheme (ETS) sinking. While Liberal MEPs want to tighten the CO2 cap as part of the EU ETS, Climate Action Network (CAN) Europe has slammed the European Commission for failing to take action in the face of the predicted collapse of carbon prices when the ETS enters its third phase in 2013. Following a 30 May article by press agency Reuters warning that the EU's "carbon market could be flooded with excess pollution permits over the next decade...depriving governments of billions in budgeted revenues", CAN Europe has called on the Commission to "step in and create more scarcity" on the ETS. Without action, the EU will lose its "climate legacy" while member states will lose billions in auctioning revenues "which could be invested in renewables and energy strategy measures," said the group in a statement.