The EU has declared the Emissions Trading System (ETS) to be its key tool for cutting industrial emissions. However, the price for CO2 allowances has been dropping for years, reaching a low point of 3€/tonne in 2013. As a result, the EU now seeks to “fix” the current ETS – albeit by neglecting its own legal principles.
The ETS works on the “cap and trade” principle, a market-based system that deliberately avoids the use of price regulation. A cap is set on the total amount of certain ...
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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.