Blog Posts: Pollution Trading

November 17th, 2016

Part II: Reform of the Emissions Trading System — Nothing but patches on a broken system

By Frida Kieninger

foodandwatereuropeoncarbonemissionsIn part one of this blog, I referred to the obvious inefficiency of the European Emissions Trading System (ETS). While the ETS is praised to be the key element of the European climate policy, it fails to deliver and is less efficient than other factors such as energy prices and the overall tendency towards more sustainability.

The danger of an inefficient system — so big that it covers around 45 percent of the EU`s greenhouse gas emissions — is its potential to cancel out existing and future policies at the EU and national level that would really contribute to emission reductions. Ironically, this results in the ETS doing potentially more harm than good in the fight against global warming.

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November 15th, 2016

Part I: Get Out of the Way of Real Climate Action

By Frida Kieninger

foodandwatereuroperealclimateactionETS: Only A Side Effect

The European Emissions Trading System (EU ETS) tries to lower greenhouse gases by putting a price on carbon and trading it in the form of allowances. It is the world’s biggest trading system for emissions and was launched over 10 years ago. The big downside of the supposed fairy tale of a miraculous cap-and-trade system is that there is no proof that the ETS has actually caused reductions in greenhouse gas emissions.

A study commissioned by the EU Commission finds that the ETS alone was not the driving factor in companies and sectors choosing to invest in carbon-efficient solutions. Rather, these actors were mainly influenced by other factors like the cost of energy and raw materials, as well as the growing environmental awareness of stakeholders and consumers.

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