12 July, 2015

Writing about the complexities of Europe's Emissions Trading Scheme


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t would be a mistake to believe that a “reformed” EU Emission Trading Scheme (ETS) would be a sufficient instrument for the decarbonisation of the EU economy, writes Oliver Sartor of the Institute for Sustainable Development and International Relations (IDDRI) in Paris.

A carbon market is necessary, but it is not enough. A recent study from Climate Strategies, in which Sartor participated, suggests that Member States develop long-term climate and energy strategies and maintain a healthy role for risk-mitigation policies for renewable investments, in addition to the ETS.

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