By far, the main reason for EU CO₂ reductions? The economic crisis, not climate policy http://www.sciencedirect.com/science/article/pii/S0140988315001061 …pic.twitter.com/BP3S9kMoqz
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If emissions are falling (whatever the reason), the EU ETS will by default not contribute to further cuts. That’s the logic of the system! This is old news.
EU ETS only covers 45% whereas this study describes all EU emissions
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The point is: with the current EU ETS design, a financial crisis (with falling emissions) will by default give low contribution to emission cuts by the ETS itself. That’s a given conclusion. And partly why we now have an ETS reform in place.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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