Report: Eu Ets Could Increase Carbon Emissions
The five-year period of the European Union’s emissions trading scheme (ETS) that ends in 2012 will deliver carbon savings of less than a third of 1 percent of total emissions, according to a report from emissions trading campaign group Sandbag, reports The Guardian.
The report, “Cap or trap? How the EU ETS risks locking-in carbon emissions” (PDF), indicates that only 32 million tonnes of pollution permits will need to be surrendered to meet the cap on greenhouse gas emissions, which is a small fraction of the 1.9 billion tonnes of carbon emissions covered by the ETS each year, according to the article. This is a result of lower industrial activity while the caps remain at the same level.
“The recession has rendered the ETS caps thoroughly obsolete,” says Sandbag campaigner Damien Morris, in a statement. “Unless they are adjusted to reflect our new circumstances, the EU ETS risks ...
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