As European governments debate a proposal to fix Europe’s oversupplied carbon market, the Lithuanian government continues its alignment with a small bloc of countries led by Poland, who seeks to not allow the reforms to start before 2021 and to allow hundreds of millions of additional allowances to flood into the market. A new study from climate change think-tank Sandbag highlights how Vilnius’ position threatens to undermine the reform package, and could also lead to a significant loss of national revenue.
- Letter to members of the European Parliament Environment (ENVI) committee
- Reform, not a patch, will curb carbon price volatility
- Risk of surplus with Market Stability Reserve – a short story
- Time to vote for an EU Emissions Trading System (ETS) that works for climate and industrial transformation
- Emissions covered by the EU’s Emissions Trading Scheme rebound but allowances in circulation remain as high as in 2019