Power firms 'do not need the ETS to cut emissions'

The European electricity sector could meet the EU's 20% emissions reduction target for 2020 through energy efficiency and renewables alone, according to a study presented at the Fourth World Forum on Energy Regulation (WFER) on Monday.

Power companies do not need Europe's Emissions Trading Scheme (ETS) to achieve this target, Alberto Pototschnig from consultancy Mercados Energy Markets International told delegates in Athens. The ETS may end up playing "a marginal role" in reducing emissions, he predicted.

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