Restoring faith in the ETS
Following a vote by the European Parliament to boost the price of allowances on the EU's carbon market, Georg Zachmann analyses the debate surrounding the Emmission Trading System (ETS) as a whole.
Zachmann believes that "backloading," or witholding the allowances to fight their falling price, is part of a politically charged debate with little economic meaning. The true focus should be put in restoring faith in the ETS as a way for the EU to reach its decarbonisation goals.
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