“Faulty climate signals”
Frankfurter Allgemeine Zeitung
The price for emitting one tonne of CO2 under the EU’s Emissions Trading System (ETS) has been frozen at five euros for years because “the EU reaches its climate targets either way”, Hendrik Kafsack writes in a commentary for Frankfurter Allgemeine Zeitung. If Europe’s industry now was “artificially forced to make greater climate protection investments”, this would merely lead to exceeding climate targets, he argues. “This would delight the rest of the world, which now had to do less. The climate won’t benefit from that,” Kafsack writes.
For background, see the CLEW dossier The Energiewende and climate change.
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