European Parliament supports temporary Emissions Trading Scheme fix

Press release - July 3, 2013
Brussels - Greenpeace welcomes today’s vote in the European Parliament to support a stronger than expected fix to the EU’s ailing carbon market, but warns that the plan will have only a temporary effect. Without further structural changes, such as the removal of allowances from the scheme, the credibility and effectiveness of the carbon market cannot be restored.

 Greenpeace EU climate policy director Joris den Blanken said: “The Parliament unexpectedly rejected a further weakening of the plan, but there is still not too much to celebrate today. This plan will not restore the credibility of the carbon market, because as soon as the suspended allowances are allowed to re-enter the system, the carbon market will be back to square one.”

Greenpeace calls on the European Commission to put forward a proposal for removing 2.2 billion allowances from the scheme before 2020, and to table a concrete post-2020 climate and energy proposal. This should include an EU domestic carbon emissions target for 2030 of at least 55 per cent compared to 1990 levels, a renewables target and an energy efficiency target [1]. As long as EU decision-makers fail to put in place an effective scheme, national governments must fill the gap with national coal and carbon taxation schemes, said Greenpeace.

Notes:

[1] Greenpeace press release (11 June), New report finds failing EU carbon market threatens effectiveness of 2030 climate proposals: http://www.greenpeace.org/eu-unit/en/News/2013/Ecofys-Briefing/

Contacts:

Jiri Jerabek - Greenpeace climate policy spokesperson: +32 (0) 476 961 375,

Ed Davitt - Greenpeace media officer: +32 (0)476 988 584,

For breaking news and comment on EU affairs: www.twitter.com/GreenpeaceEU

Greenpeace is an independent global campaigning organisation that acts to change attitudes and behaviour, to protect and conserve the environment and to promote peace. Greenpeace does not accept donations from governments, the EU, businesses or political parties.

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