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CBI responds to proposed changes to the EU Emissions Trading Scheme
The CBI responded to the European Commission’s proposal that the timing for the auctions of emissions allowances in the Emissions Trading Scheme (EU ETS) should change, with some auctions being moved to a later date, or ‘backloaded’.
Dr Matthew Brown, CBI Head of Energy and Climate Change policy, said:
“Backloading emissions allowances can only be useful as part of a long-term plan. Businesses agree that emissions trading is the best way to encourage the investment needed to meet carbon targets. However, the EU ETS is currently out of step with Europe’s long-term climate goals, and investors urgently need to see emissions targets for 2030 and beyond.
“The Commission’s EU ETS report due in the autumn must provide a blueprint for the future of the scheme, which should include ways to protect energy-intensive industries at risk of international competition.”
Notes to Editors:
The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.
