On Wednesday 16 February the European Parliament’s rapporteur on the review of the EU Emissions Trading System (ETS), Peter Liese (EPP, Germany), tabled a series of amendments to his draft report aimed at reducing the price volatility of the ETS and thus combating rising energy prices.
“The main cause of rising energy prices is our dependency on fossil fuel imports (...) In addition to that, the ETS should also be better designed to mitigate the minor part of the problem that is linked...