| Report | 12 April 2012 |
The fate of the EU carbon market hangs in the balance
By Sonja van Renssen
If European policymakers do not intervene soon in the EU's emission trading scheme, Europe's flagship climate policy risks sinking into oblivion. This is bad news when debate is just beginning over a new EU climate and energy package for 2030. If the EU ETS cannot deliver, what should lie at the heart of this new package? A carbon tax? A myriad of national policies? To save the ETS, many stakeholders - including energy companies - are advocating a "set-aside", or one-off removal of carbon allowances from the market, to raise the CO2 price. Others want a complete overhaul of the system. Sonja van Renssen reports from Brussels.
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