G2TT
来源类型Briefings, Reports
规范类型报告
Ending free allowances in the EU's Emissions Trading System - E3G
Domien Vangenechten
发表日期2022-02-07
出版年2022
语种英语
摘要

This policy briefing focuses on the free allowances in the EU Emissions Trading System given to most energy-intensive industries. It lays out how the system of free allowances has worked so far and offers recommendations for policymakers ahead of the revision of the EU Emissions Trading System.

Since 2005, the European Commission has presented the European Union Emissions Trading System (the EU ETS) as a “cornerstone” of EU climate policy. Pricing emissions can be a powerful climate tool, and the EU ETS has proven effective in reducing the greenhouse gas emissions of the electricity sector. However, it has failed to contribute to the decarbonisation of energy-intensive industries.

Currently, free allowances cover 94 per cent of industrial emissions, muting the carbon price signal and, therefore, the incentive to innovate and invest in cleaner production processes. Ending free allowances in the Emissions Trading System is an opportunity to stop subsidising pollution and instead invest in innovation to decarbonise the EU’s energy-intensive industries.

URLhttps://www.e3g.org/publications/ending-free-allowances-in-the-eu-s-emissions-trading-system/
来源智库Third Generation Environmentalism (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/590808
推荐引用方式
GB/T 7714
Domien Vangenechten. Ending free allowances in the EU's Emissions Trading System - E3G. 2022.
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