EU Emmissions Trading Scheme Reform

The European Union’s Emissions Trading System hasn’t been working for quite a while now. Too many allowances were given out for free. The price of carbon has fallen way below the level where it can help drive the transition to low-carbon alternatives.

Take a look at the UK government’s statement on strategy and reform for the EUETS – https://www.gov.uk/eu-emissions-trading-system-the-future-of-the-system

The proposed reform involves setting up a strengthened Market Stability Reserve (MSR). The MSR is supposed to act as a kind of overflow for excess allowances.(1)

I have some issues (2) with the long term viability of the Market Stability Reserve as a solution, but it’s clear that the priority at this point is to get the MSR implemented as early as possible and as strongly as possible.

I wholly support the proposals put forward in Climate Action Network Europe’s position paper. I think building political will behind these proposals is essential to protect them from industry lobbying.

Get Involved –

Write to your MP to ask them if they’re up to speed on this and to let them know you support CAN’s proposals.

**

(1) Sandbag.org.uk have an interactive model which shows what effect different calibrations of the Market Stability reserve (MSR) should have on the ETS – http://www.sandbag.org.uk/data/msr

(2) https://hughchapmanblog.wordpress.com/2014/12/08/why-the-proposed-reform-of-the-eu-emissions-trading-system-is-fundamentally-flawed/

Advertisements

About hughchapmansblog

Poet and performance maker based in Cambridge and London

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: