The European Commission faces a dilemma over whether to make the EU's 2020 goal of a 20% energy efficiency improvement binding given that this may significantly bring down carbon prices in its emission trading scheme (ETS), ENDS has learned.
"The commission may prevent the cheapest means to reduce greenhouse gas emissions from being used to keep a high price on the carbon market," Green MEP Claude Turmes said on Wednesday. Improving energy efficiency is seen as one of the most cost-effective ways of cutting CO2.
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