As fossil fuel power plants are closed down, EU governments can help strengthen the emissions trading system (ETS) by cancelling surplus allowances as provided for in the EU legislation, said Sam Van den plas, policy director at Carbon Market Watch.
“Implementing either national or regional carbon floor prices would be an ideal measure to strengthen the EU ETS and provide the necessary incentives to phase out coal,” he added, while counteracting the partial offset in industrial sectors such as steel, chemicals, cement and aviation.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.