New EU rules announced as part of the European Commission’s energy package, released today, will do little to cut carbon emissions without more fundamental changes to the EU emissions trading scheme (ETS).
The Commission has been subjected to a fierce bout of industry lobbying as it looks to replace free emissions permits with an auction system, although this has been subjected to a series of opt outs and will not take full effect until 2020.
“The EU has compromised to corporate lobbyists again” says Tamra Gilbertson of Carbon Trade Watch, a project of the Transnational Instit