| Now that parliament has approved plans for a reformed emissions trading scheme, all eyes are on commissioner Caņete to come up with a carbon market proposal. Back in early May, the European parliament and member state representatives reached an agreement on a far-reaching reform of the European emissions trading scheme (ETS). That agreement has also been endorsed by parliament's environment, public health and food safety committee and is tabled for plenary adoption next month.
This reform is structural and effective. ETS is the centrepiece of the EU's 2030 climate and energy policy framework. An effective carbon pricing system incentivises energy efficiency and low-carbon production. Because of the economic crisis, there needed to be an overhaul of the ETS...............................................Full Article: Source |