Climate | Energy
Compatibility of the European Emissions Trading Scheme with interacting energy and climate policy instruments and measures
Creating scarcity through stringent targets and flexible control of the certificate supply
– UBA Position Paper –The European Emissions Trading Scheme (EU ETS) is currently unable to fulfil its role as a leading climate policy instrument: surpluses in the market have pushed the price of emission allowances down over a long period of time and weakened incentives created by the EU ETS. The caps are structurally set too high and not sufficiently coordinated with interacting energy and climate policy instruments...read more