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EU Ministers must stop the flood of CO2 emissions allowances

Date

19 Apr 2012

Sections

Climate & Environment
Energy

The carbon price must be urgently boosted to fix the EU's Emissions Trading System and fight climate change. EU environment ministers discussed raising the carbon price in the ETS at their informal meeting in Horsens, Denmark today.

The carbon market is currently overflowing with spare emissions allowances due to the economic crisis, which has sent the carbon price down. The most effective way of pushing the price back up would be by avoiding too many allowances coming onto the market in the coming years.

"The EU ministers need to ensure no more emissions allowances are put on the market. This must be included in the Energy Efficiency Directive, currently being negotiated between the Council of Ministers and the European Parliament, where decisions can be taken by a majority of Member States. This directive is the only upcoming legislative opportunity to push such a measure", commented Rémi Gruet, Senior Regulatory Affairs Advisor for the European Wind Energy Association (EWEA).

The European Parliament supports such a move: it voted by a significant majority in favour of withholding carbon allowances in the ETS in a report on the low carbon roadmap 2050 in February. There is widespread support from energy companies and the wind energy industry for such a move.

 For further information contact:

Julian Scola, EWEA Communication Director

Mobile phone  +32 486 117 394

EWEA is the voice of the wind industry, actively promoting wind power in Europe and worldwide. It has over 700 members from almost 60 countries, including wind turbine manufacturers with a leading share of the world wind power market, plus component suppliers, research institutes, national wind and renewables associations, developers, contractors, electricity providers, finance and insurance companies, and consultants. This combined strength makes EWEA the world's largest and most powerful wind energy network.

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