IFIEC Energy Forum How to adjust the EU Climate and Energy Policies in light of the financial crisis? – An enhanced EU ETS 19 June 2012 Annette Loske Chairwoman WP Climate and Efficiency Managing Director German Federation of Industrial Energy Consumers (VIK). ETS balance .
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IFIEC Energy ForumHow to adjust the EU Climate and Energy Policies in light of the financial crisis? – An enhanced EU ETS19 June 2012Annette LoskeChairwoman WP Climate and EfficiencyManaging Director German Federation of Industrial Energy Consumers (VIK)
– a system design with several flaws in it
– it needs a reform (quite simple changes to adjust)
– Lower emissions than planned
– functioning carbon reduction at low costs
The following changes are needed:
Vitally important to have global ETS by around 2020.
In absence of realistic perspective for effective global agreement by 2020, the principle of the EU cap must be revisited before 2020.
Let‘s build an ETS that is more robust, predictable, effective and recession-proof = the driver for carbon reductions in a world of economic growth and innovation!