According to the most recent CO2 Barometer published by the Reconstruction Credit Institute and the Centre for European Economic Research (ZEW), EU emissions is failing to achieve the goals for which it was intended (click here for the press release; in German). The reports highlights three important issues:
- The EU Emissions Trading Scheme sets very low incentives to avoid CO2 emissions.
- The costs of emissions trading thus far has had very little effect on companies’ site selection.
- The options of tightening the rules within the Trading Scheme should be explored.
TheCompensators* support the CO2 Barometer findings and are convinced that more needs to be done to adapt and improve the EU Emissions Trading Scheme. If you would like to compensate for your own emissions, please click here to find out how you can do that with TheCompensators*.