Press release

NGOs welcome options to strengthen the ETS

14/11/2012

Climate action

CAN Europe, Greenpeace and WWF welcomed today’s European Commission proposals for structural reform of Europe’s carbon market.

The options for long-term strengthening of the failing ETS follow a separate proposal earlier this week to temporarily reduce the glut in carbon emissions allowances, a process known as backloading. NGOs welcome in particular the Commission’s analysis that raising the EU’s carbon emission reduction target for 2020 from 20 to 30 percent would bolster the ETS. The groups also support the proposed permanent withdrawal of emission allowances, a steeper yearly reduction in allowances and limits to offset credits.

Download Press release Carbon Market Reform 14 Nov 2012

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CAN Europe empowers civil society organisations to influence the design and development of effective climate change policy in Europe, both in the European Union as well as in its Member States and in European countries outside the EU.