I
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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.
Read his EnergyPost comment piece - “So we are reforming the ETS. Now what do we want it to do?”
