The Ecologist

 
News web pic 2_107.jpg
More articles about
Related Articles

Emissions Trading won't make a difference, says WWF

News

14th June, 2007

The second stage of the EU's much-criticised Emissions Trading System (ETS) will fail to deliver any significant cuts in Europe's carbon dioxide emissions, campaign group WWF said yesterday.

In a report which analyses the EU's proposal for the 2008-2012 version of the ETS, WWF said that a heavy reliance on carbon credits bought from developing nations would mean that EU industry would have very little incentive to reduce emissions. Between 88 and 100 per cent of the nine highest polluting European countries' emissions restrictions could be met simply by buying credits from outside the EU.

'There is a real danger that this will lock the EU in to high carbon investments and soaring emissions for many years to come,' said Keith Allot, head of WWF's Climate Change Programme. 'If the ETS is to fulfil its potential, we must ensure it leads to real carbon emission reductions within Europe. Climate change is an urgent priority, and we can't afford to waste another five years before we get Europe's emissions on a downward path.'

The first incarnation of the Emissions Trading Scheme failed because the EU issued too many credits, saturating the infant carbon market and reducing the price per tonne of carbon to such a low level that trading became meaningless.

This article first appeared in the Ecologist June 2007

 

Previous Articles...

ECOLOGIST COOKIES

Using this website means you agree to us using simple cookies.

More information here...

 

FOLLOW
THE ECOLOGIST

 

Help us keep the Ecologist platform going

Since 2012, the Ecologist has been owned and published by a small UK-based charity called the Resurgence Trust. We work hard to support the kind of independent journalism and comment that we know Ecologist readers enjoy but we need your help to keep going. We do all this on a very small budget with a very small editorial team and so joining the Trust or making a donation will show us you value our work and support the platform which is currently offered as a free service.

Join The Resurgence TrustDonate to support the Resurgence Trust