The latest policy paper by Kateřina Davidová and Christian Kvorning Lassen analyses the EU Emissions Trading System and proposes a set of recommendations in the light of the current revision agenda.
The EU cannot generate the necessary political will to make its system more ambitious if it means widening the gap between the EU and third countries, as it would exacerbate the already substantial threat of carbon leakage.
Despite being steps in the right direction, neither of these proposed initiatives will completely rectify the current developments and facilitate the desired outcome in a timely and decisive manner.
Curbing carbon leakage is essential, but as long as corporations and lobbyists remain influential, it is likely that the EU will err on the side of caution and opt for maintaining a high supply of allowances in order to avoid an exodus of economic powerhouses to third countries less committed to environmental protection.
You can download the whole publication through the PDF on the right.#EU ETS #Paris Agreement #climate change #Emissions Trading System #policy paper
Expertise: Migration/European migration crisis, EU foreign policy, Scandinavian politics, populism, EU enlargement policy
Expertise: EU climate and energy policy, environmental protection, EU-US relations