The EU is at the forefront of the fight against climate change. But the EU Emissions Trading Scheme — Europe’s flagship tool to reduce greenhouse gas emissions — is floundering. See this previous IIEA blog.
The market is awash with surplus allowances, which has led to a depressed carbon price. This does not create the right incentives for low carbon growth. But how is the market malfunctioning? What is the diagnosis? And how can Europe rescue the ailing scheme and deliver effective climate policy?
Our latest production combines motion infographics and interviews with key stakeholders to explore the problems in the EU Emission Trading Scheme and the future of EU Climate Policy.
Interviewees include Sanjeev Kumar, Senior Associate with E3G (Third Generation Environmentalism), Susan Shannon, Senior EU Affairs Manager at Shell and Neil Walker, Head of Energy and Environmental Policy at IBEC (The Irish Business Employers Confederation).