Our site uses cookies to facilitate your visit. By continuing, you agree to our use of cookies.

Cookie compliance notification

List of Cookies used on Argus Media

Analytics Cookie

These cookies allow us to count page visits and traffic sources so we can measure and improve the performance of our site, using a service provided by Google Analytics. The analytical cookies are non-intrusive, which explains why they are already set when a user accesses this website.

Cookies used: __utma, __utmb, __utmc, __utmz, __SC_ANALYTICS_GLOBAL_COOKIE, __SC_ANALYTICS_SESSION_COOKIE

Compliance Cookies

This cookie is placed if you click the Hide button in this message. It tells us you have read the message and stops this message from displaying.

Cookies used: CookieLawCompliance

Functional Cookies

These cookies are used to enable core site functionality like login and logout. They do not contain any personal information and are automatically deleted when you close your browser.



In Japan? You can go to Argus Japan


PDF urges EU ETS back-loading approval

4 Feb 2013, 6.00 pm GMT

PDF urges EU ETS back-loading approval

London, 4 February (Argus) — The European Parliament's environment committee must support the European Commission's back-loading proposal for phase 3 (2013-20) of the EU emissions trading scheme (ETS) to demonstrate support of clean energy and low-carbon projects, UK-based Project Developer Forum (PDF) said.

“If you vote against the commission's proposal and the rapporteur's report, you will be signalling that a low-carbon infrastructure and millions of European green jobs are not important to you,” the group said in a letter to the environment committee.

A well-functioning EU ETS helps create an energy-efficient economy, which creates up to 2.8mn jobs in renewable energy, 2mn jobs in energy efficiency, and positions Europe to better compete in the global clean energy race, PDF noted.

The commission's proposal to back-load 900mn EU ETS allowances will also increase auction revenues for all EU member states by €107bn ($145bn) from 2013-20, PDF said.

Low prices in the ETS have negative ramifications in other regions, PDF added. The EU ETS “sets the benchmark” for other emitters, including China. A low carbon price in Europe results in less ambition elsewhere, the group said. China is planning its own national carbon trading scheme and will model it after its seven pilot schemes have been implemented.

The environment committee will vote on the back-loading proposal on 19 February.

Send comments to feedback@argusmedia.com
jd/dt 3.1

If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.

Copyright © 2013 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.

View more news articles

Share this page

Contact Us

Request a callback

I agree to the Argus privacy policy