Ahead of the next meeting of the College of Commissioners, Carbon Market Watch, Climate Action Network Europe and WWF EPO sent a joint letter to the Commission President von der Leyen to call on the College to safeguard the integrity of the EU Emissions Trading System (EU ETS) by preserving the invalidation clause of the Market Stability Reserve.
At a time of geopolitical uncertainty, dependency on fossil fuels proves once more to be the key strategic weakness of the EU. The impact of carbon pricing on electricity prices is minimal, instead, a predictable and reliable ETS architecture will support further uptake of renewables and electrification, and give confidence to invest in the decarbonisation of our industry.
The signatories therefore call on you and the rest of the College of Commissioners to preserve the invalidation clause of the ETS Market Stability Reserve, and uphold a market-based price signal for carbon emissions that drives investment and innovation, while maintaining its environmental integrity.
Joint letter: Early review of the ETS Market Stability Reserve
Ahead of the next meeting of the College of Commissioners, Carbon Market Watch, Climate Action Network Europe and WWF EPO sent a joint letter to the Commission President von der Leyen to call on the College to safeguard the integrity of the EU Emissions Trading System (EU ETS) by preserving the invalidation clause of the Market Stability Reserve.