Brussels, 15/03/2016 (Agence Europe) - The EU Emissions Trading System (ETS) is supposed to be a low-cost way to reduce CO2 emissions, but it has enabled European industry to gain a windfall of €24 billion, according to analysis published on Tuesday 15 March by NGO Carbon Market Watch.
The study demystifies the exaggerated fears of carbon leakage raised by companies to benefit from free quotas, and adds to the need to urgently revise ETS since it is “currently not fit for purpose,”...