Free allowances still account for more than 40% of all allowances available under the EU Emissions Trading Scheme (ETS). However, these free allowances, distributed to industry, aviation and, in some Member States, the electricity sector, have not been well targeted, according to an audit report by the Court of Auditors published on 15 September.
This is all the more glaring given that beneficiaries contribute 94% of EU industrial emissions, the report says, calling for better targeting of...