If the EU is to meet the 1.5° target of the Paris Climate Agreement, it is essential that it radically reform its greenhouse gas emissions trading system (ETS) to reduce the number of allowances, according to a study recently published by the Finnish innovation institute Sitra and the Öko-Institut, a German research institute specialised in sustainability issues.
This study on ‘the role of ETS in raising the EU’s ambition’ examines how ETS objectives should be modified in a scenario...