EC Consultation response on Structural Options to Reform the EU ETS

Sandbag’s formal written submission to the European Commission stakeholder consultation on structural reforms to the EU Emissions Trading Scheme. Our submission argues for the cancellation of 2.2. billion allowances to restore the scarcity originally envisaged in the scheme and to help align the ETS with a 30% domestic EU climate target in 2020. It also recommends a suite of measures to ensure a scarcity of allowances, and adequate environmental ambition over the longer term.