Survey offers ‘convincing case’ for EU to rescue ETS

Observers pushing for the EU to launch a rescue mission for the Emissions Trading Scheme (ETS) have received ammunition from an influential survey of the carbon market.

Among the 3,149 respondents to the Thomson Reuters Point Carbon annual survey, there was a fall — from 44% to 38% — in the number who said the cost of carbon was a decisive factor in their companies’ investment decisions. The numbers reporting that the EU ETS had caused their companies to cut emissions also fell, from 59% to 50%.

In another measure of the gloom besetting the world’s largest carbon market, where prices are languishing at about €7 ($9.33) per tonne — half of what they were a year…

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