Emissions Trading System failures sour energy policy efforts

Emissions Trading System failures sour energy policy efforts

A rock-bottom carbon price means electricity market design efforts are limited by big polluters paying their way out of having to reduce their emissions. [Shutterstock] Doubts about the effectiveness of the European Union’s Emissions Trading System (ETS) resurfaced on Tuesday (19 September) at an energy conference in Estonia, as a low carbon price continues to stymie energy market efforts. At a high-level conference on electricity market design organised by the Estonian presidency of the Council of the EU, the flaws of the ETS emerged once again as a significant obstacle to the EU’s energy and climate policies. Since the […]