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EU ETS Myth Busting: Why it Can’t be Reformed and Shouldn’t be Replicated

EU ETS Myth Busting: Why it Can’t be Reformed and Shouldn’t be Replicated

Full Title:  EU ETS Myth Busting: Why it Can't be Reformed and Shouldn't be Replicated
Author(s):  Transnational Institute
Publisher(s):  Transnational Institute
Publication Date: April 1, 2013
Full Text: Download Resource
Description (excerpt):

To reduce emissions at source by the required amount, real changes in terms of EU consumption, production and infrastructure are needed, which will require making difficult political decisions to be made. The EU ETS was set up in order to allow the ‘market’ to produce this change, but with so many vested interests at stake and structural loopholes, it is doomed to fail. What the EU needs is an open, science-and-justice-based debate about the climate actions we need, and the policies that will make them work. At a time when the trading model is being pushed into other areas of nature, this report explains why the EU ETS can’t be reformed and should not be replicated.

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