EURELECTRIC calls on the Commission to table its proposal on the revision of ETS Directive

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EURELECTRIC has today sent a letter to Commissioners Arias Cañete and Šefčovič, jointly signed with the Prince of Wales’s Corporate Leaders Group and IETA, calling on the Commission to keep Europe on track for developing a low carbon economy and energy system, by moving forward with plans to revise the Emissions Trading Scheme before the summer. The letter welcomes the historic decision by G7 leaders which highlights the importance of climate action and the need to apply effective policies and actions throughout the global economy, including carbon market-based measures  and asks the Commission to build on the momentum generated by the G7 leaders by bringing out the proposals on the next phase of the Emissions Trading Scheme before the summer break.  Once the appropriate policy environment has been put in place, business will be able to play its role as the engine of innovation, investment and cross-sectoral partnerships needed to build the path to a decarbonised economy.

The joint letter is available here.