Next week, EU environment ministers are to strike a deal on the reform of the Emissions Trading System (ETS). If governments do not treat the reform with more seriousness, the EU risks setting its carbon market up for another decade of failure, argues Wendel Trio.
The current proposals are clearly not in line with the EU’s commitment under the Paris Agreement to keep the temperature rise well below 2°C, let alone below 1.5°C. This would profoundly damage the
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