Clearing the fog around heavy industry’s carbon market claims

(EurActiv, 6 Oct 2022) Ahead of the next trialogue talks between the EU institutions on the Emissions Trading System (EU ETS), scheduled on 10 October, there are several misconceptions to be tackled and myths to be busted about the EU’s carbon market’s revision, write Agnese Ruggiero and Camille Maury.

Agnese Ruggiero is lead on EU carbon market and industrial decarbonisation at Carbon Market Watch. Camille Maury is senior policy officer at the WWF European Policy Office.

The current energy crunch and the burning hot summer Europe experienced this year have set alarm bells ringing across the continent: we urgently need to speed up climate action and wean ourselves off fossil fuels. 

In this context, the opportunistic and unfounded calls by industry to halt or slow down the revision of the EU’s flagship climate policy, the Emissions Trading System (EU ETS), would only worsen the impact on the climate and would significantly compromise the EU’s resilience to shocks in the future. 

Priority should instead be given to ensuring that the EU ETS has a clear target and that it provides the right incentives to rapidly reduce emissions and is future-proofed. 

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EurActiv, 6 Oct 2022: Clearing the fog around heavy industry’s carbon market claims

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