Europe's electricity sector wants a stricter emissions trading system

Reform in the EU of the CO2 Emissions Trading System (ETS) garners crucial support from the industry, where even the Polish electricity sector now supports the tightened requirements. It is necessary to increase the price of CO2, maintains Dong.

Photo: Martin Meissner/AP/Ritzau

The EU's CO2 Emissions Trading System (ETS) needs a major tightening. At an average EUR 5.17 per ton, this year's quota price has been almost six times lower than the ambitions voiced when the ETS was implemented in 2005. But this time, the call for tighter CO2 caps has been echoed by the entire electricity sector in Europe – even in Poland and other coal powerhouses.

Europe's industry association for electricity companies, Eurelectric, has called on EU legislators for change. From 2019, the cap will be reduced annually by 2.4 percent, while 24 percent of the surplus quotas until at least 2023 will be transferred from the market to the Market Stability Reserve (MSR), where the amount of surplus quotas will be kept low by decreasing the limit to 300-600 million tons of CO2.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Denmark allocates additional PtX funds

Danish parliament's IPCEI agreement doesn't touch Dutch funds previously earmarked by the government for Power-to-X, says energy minister Dan Jørgensen. On the other hand, the allocated DKK 850m will not necessarily go to the common European projects.

Further reading

Related articles

Latest News

See all jobs