Description: The European Emissions Trading Scheme (EU ETS) is currently unable to fulfil its role as a leading climate policy instrument: surpluses in the market have pushed the price of emission allowances down over a long period of time and weakened incentives created by the EU ETS. The caps are structurally set too high and not sufficiently coordinated with interacting energy and climate policy instruments. Given the weak price signal from the EU ETS, more and more EU Member States are currently planning to introduce - or have already implemented - additional national climate or energy policy instruments in order to achieve their national climate protection targets. These additional emission mitigation measures however, can lead to a shift of emissions within the EU ETS and further weaken the price signal unless the allowance supply is reduced correspondingly. The new position paper of the German Environment Agency ( UBA ) provides concrete recommendations for the structural reform of the EU ETS in order to improve the compatibility with interacting energy and climate policy: The ETS cap-setting cycle should be shortened to five years and aligned with an ambitious long-term reduction path. The German Environment Agency recommends an increase of the linear reduction factor to at least 2.6 percent for the 2021–2025 period. Veröffentlicht in Position.
Types:
Text {
text_type: Publication,
}
Origin: /Bund/UBA/Webseite
Tags: Beton ? Emissionszertifikat ? Landesplanung ? Blei ? Europäischer Emissionshandel ? Papier ? EU-Länder ? Energiepolitik ? Schutzmaßnahme ? Klimapolitik ? Klimaziel ?
License: other-closed
Language: Englisch/English
Issued: 2016-11-01
Time ranges: 2016-11-01 - 2016-11-01
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