The reform of the EU Emissions Trading System could hand more than €230 billion in subsidies to energy intensive industries, a new report from Corporate Europe Observatory shows. The Emissions Trading System (ETS) is at the centre of EU climate policy, and a Directive currently passing through the European Parliament and Council intends to keep it that way until 2030. The EU ETS claims to make big polluters pay, but has actually become a way of enhancing polluter’s profits, as well as undermining and preventing effective action to tackle climate change.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/carbon-welfare-how-big-polluters-plan-profit-eu-emissions-trading-reform
[2] http://admin.indiaenvironmentportal.org.in/category/author/oscar-reyes
[3] http://admin.indiaenvironmentportal.org.in/category/author/bel%C3%A9n-balany%C3%A1
[4] http://admin.indiaenvironmentportal.org.in/category/publisher/corporate-europe-observatory
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/eu-ets
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emissions-trading
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-intensity
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/european-union-eu
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emission-targets
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
