EnergyWatch

High quota prices squeeze Eastern EU up to ETS extension

Rising carbon quota prices and the coming expansion of the emissions trading system are hitting Eastern European countries extra hard as they struggle to keep pace in climate change mitigation. This signals some major struggles within the EU looking forward concerning who will pay the price for the ambitious CO2-reduction target set for 2030.

Photo: David W Cerny/Reuters/Ritzau Scanpix

BRUSSELS

On Wednesday July 14, the EU Commission will present its proposed revision to the union's emissions trading system (ETS) meant to help achieve ratified climate legislation stipulating a 55-percent carbon cut by 2030 relative to the 1990 level.

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