
Breadcrumbs
Carbon Fat Cats – Company Analysis of the EU ETS
This report presents company level analysis of the EU Emissions Trading Scheme for 2008 and looking ahead till 2012 when the current phase of trading ends.
About
The EU ETS was set up ‘to promote reductions of greenhouse gas emissions in a ‘cost-effective and economically efficient manner’ as a centrepiece of European efforts to tackle climate change. However, our company level analysis has uncovered a number of trends which have serious implications for the short and long term future of the ETS.
Executive summary
Many companies have far more permits to pollute than they require
These companies are not required to make cuts to their CO2 and can bank the permits for use in future phases of trading, insulating them from the need to make cuts to their CO2 emissions going forward
We offer these solutions to policymakers as a way to increase the effectiveness of the EU Emissions Trading Scheme and hope that they will stimulate and inform the on-going debate about the future of the scheme.