“Only weak incentives for firms to implement carbon abatement measures”
KfW / ZEW
A majority of German companies participating in the EU Emissions Trading System (ETS) do not expect the Paris Agreement to be effective in reducing global emissions, according to a survey by the German development bank KfW and Centre for European Economic Research (ZEW). According to the ‘KfW/ZEW CO₂ Barometer’, the EU ETS “has generated only weak incentives for firms to implement carbon abatement measures” in the current trading period. “The scheme could be further strengthened to ensure the effectiveness and efficiency of climate action in Europe,” write the authors in the survey report.
Find the press release in English here and the full survey report in English here.
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