ETS: EU reforms ‘must reflect covid emissions drop’

The EU’s key carbon pricing mechanism should factor in the unprecedented decline in emissions caused by the covid crisis to guarantee price stability, according to a new study, while the International Energy Agency (IEA) forecasts only a small CO2 rebound in the bloc this year.

by Simon Pickstone
Workers unload pipes for the Trans-Adriatic Pipeline in Spitalle, near Durres, April 2016. Analysis have cautioned that EU covid recovery money should avoid some gas infrastructure. Photo: Gent Shkullaku/AFP via Getty Images
Workers unload pipes for the Trans-Adriatic Pipeline in Spitalle, near Durres, April 2016. Analysis have cautioned that EU covid recovery money should avoid some gas infrastructure. Photo: Gent Shkullaku/AFP via Getty Images

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