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The European Parliament refused to delay planned auctions of carbon allowances (Photo: European Parliament)

EU's flagship climate policy is sinking fast

The Emissions Trading System (ETS) is the EU’s flagship climate policy and it is sinking fast. The stated aim is to put a price on carbon, providing a financial incentive for companies to cut their pollution and, ultimately, invest in cleaner energy sources and more efficient technologies.

For many reasons, it has not done so and the market in emissions allowances has crashed.

The most recent proposal to re-float the scheme involved delaying (“backloading”) planned auctions of car...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

The European Parliament refused to delay planned auctions of carbon allowances (Photo: European Parliament)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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