By Chris Lang, April 16 2013. Source: REDD-Monitor
“No amount of structural tinkering will get away from the fact that the EU has chosen the wrong tool to reduce emissions in Europe. It is inherently too weak to get the EU to where it needs to be in the necessary timescale,” says Hannah Mowat from FERN. “The EU can no longer wait for the market to deliver.”
Mowat’s comment comes on the release of a report exposing the Myths of EU Emissions Trading Scheme. A press release about the report is posted below, and the report, “EU ETS myth busting: Why it can’t be reformed and shouldn’t be replicated”, can be downloaded here (pdf file, 1.3 MB). The report is published by several of the organisations that signed on to the “Time to scrap the ETS”declaration. So far, more than 130 organisations have signed the declaration – if your organisation wants to sign on, please send an email to email@example.com.
Meanwhile, Climaxi is holding a Greenwash Circus in Gent on 20 April 2013. The EU ETS is currently in first place (by five votes). Place your vote here.
In February 2013, the European Parliament’s Environment Committee voted in favour of postponing (or backloading) the auctioning of 900 million pollution allowances. The allowances will be auctioned instead in 2019-2020. Although the aim of the proposal is to increase the price of carbon in the ETS, the market’s reaction to the February vote was a 20% slump in the price of EU allowances. Today, the European Parliament in Strasbourg will vote on whether the backloading proposal should be implemented. Continue reading