Tuesday 28 February The policy involves a market-based cap and trade system which forces companies to buy allowances to emit carbon.

ETS was introduced 12 years ago and initially worked well but prices plummeted after following the economic downturn. Under the proposed directive — now due for deliberation by the European parliament — the number of allowances can be gradually reduced, to push up their cost and provide an incentive for industries to adopt cleaner technologies.

The cap on emissions will fall by 2. It is hoped that the new regime will deliver greater cuts in greenhouse gases while providing protection for energy-intensive industries. The revision of the ETS will now be negotiated in trialogue meetings between the parliament , European council and European commission.

Environmental campaigners claim that the reformed ETS does still not do enough. A proposal to remove the rights of big polluters, such as the cement industry, from receiving free carbon credits, was not passed by the European parliament in February, frustrating many.

It is important we press ahead with this vital piece of climate-change legislation. There are many positive elements in the council position but still much work to do.

The EU Emissions Trading System (EU ETS) | Climate Action

Please choose your username under which you would like all your comments to show up. You can only set your username once. International edition switch to the UK edition switch to the US edition switch to the Australia edition.

The Guardian - Back to home. This article is 4 months old. What is the emissions trading scheme and does it work?

What is emissions trading? A complete guide to carbon offsetting. Carbon offsetting Greenhouse gas emissions Fossil fuels Fossil fuel divestment European Union news. Order by newest oldest recommendations.

U.K. Said to Prefer Staying in EU Carbon Market After Brexit - Bloomberg

Show 25 25 50 All. Threads collapsed expanded unthreaded. Loading comments… Trouble loading? Signed in as Show comment Hide comment.

Participating in the EU ETS - eqogypacuc.web.fc2.com

Your comments are currently being pre-moderated why? Please keep comments respectful and abide by the community guidelines.

Government divisions over approach to climate change plan are bridged, but targets will be reviewed in to consider their impact on industry. France sets carbon price floor. Brexit will force EU countries 'to make deeper, costlier carbon cuts'. Bloc will have to draw up new plan with higher cuts for remaining 27 states in order to meet its carbon reduction target, which could cost billions of euros.

European Union Emission Trading Scheme - Wikipedia

EU open to increasing carbon target, says top climate negotiator. EU set to emit 2bn tonnes more CO2 than Paris climate pledge. The Guardian back to top.