On December 15, ACCIONA and other members of The Prince of Wales’s EU Corporate Leaders Group on Climate Change sent a letter to EU decision makers, including President Barroso, Commissioners, Ministers and MEPs. The document is an urgent call for re-calibration of Phase III of the Emissions Trading Scheme EU (ETS, for its acronym in English) and a withholding of allowances, in order to bring stability to carbon markets.
The business leaders point out that the economic crisis has significantly impacted the effectiveness of the EU ETS, as demonstrated by today’s limited levels of trading and low carbon price, we ask European policymakers to adopt near- and mid-term measures both to take into consideration future economic instability and to ensure that new policy proposals do not negatively impact the trading scheme.
