Industry urges EU to support back-loading

摘要

A group of 30 global companies have called on EU policy makers to support the European Commission’s proposal to back-load allowances, to avoid putting the long-term survival of the EU emissions trading scheme (ETS) at risk. “The current carbon price will not stimulate low-carbon investments or innovation. Without agreement on the back-loading proposal, the price will fall further, thus threatening the longterm survival of the EU ETS,” the group said in a joint letter to the European Parliament, European Council and par iament’s climate change committee on 14 February.