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"We need to scrap the ETS and implement fair climate policies," say pro-green NGOs (Photo: DerGuy82)

EU carbon market boosts emissions, NGOs say

Around 75 pro-green NGOs are jointly calling for the EU to scrap its carbon emission-trading scheme (ETS) ahead of a European Parliament vote to reform it.

Set up in 2003, ETS is central to the EU’s carbon reduction plan in its fight against climate change by allowing companies to trade CO2 permits on the market.

But the NGOs, including Friends of the Earth and Carbon Trade Watch, say the money-making scheme has instead increased emissions and encouraged land grabs in poverty-str...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

"We need to scrap the ETS and implement fair climate policies," say pro-green NGOs (Photo: DerGuy82)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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