Power industry defends ETS

A coal-fired power plant in Gelsenkirchen, Germany

A coal-fired power plant in Gelsenkirchen, Germany

The European electricity industry has mounted a strong defence of the EU’s beleaguered Emissions Trading Scheme (ETS) as still being the best means to cut carbon emissions, despite record low market prices.

Industry body Eurelectric, responding to a European Commission (EC) consultation on the carbon market, says the European electricity industry remains strongly committed to the ETS as the best means to achieve decarbonisation by 2050.

The EC went out to consultation with six different options on structural changes to the ETS in November.

Eurelectric sees a serious risk that any non-ETS approach to decarbonisation will distort and fragment the internal energy market.

“We consider the ETS to be the best instrument to drive investments in carbon reduction because it is technology-neutral,…

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