Benchmarks set under the European Union's Emissions Trading System (ETS) to calculate the free allocation of allowances for each installation covered by the ETS often support high-carbon incumbent installations at the expense of lower-carbon alternatives, says a report by think tank Sandbag, published on Tuesday 5 January.
A benchmark is a reference value for greenhouse gas (GHG) emissions that are related to a production activity. There are currently 54 such benchmarks and they are...