In its response to the European Commission’s Green Paper on a 2030 Framework for Climate and Energy Policies, Bellona has put forward a suggestion to structurally and institutionally revise the EU ETS.

The proposed changes intend to stabilize the price of carbon and thereby create an opportunity for the mechanism to become the major driver towards long term low carbon investment, says Sirin Engen, Bellona

The European Commission’s 2030 Green Paper, released on 27 March, invited stakeholders to take part in a consultative process towards the Union’s climate and energy policies after 2020. The new policy framework towards 2030 is regarded as an important tool for the EU to reach its target of reducing greenhouse gas emissions by 80-95% by 2050 compared to 1990 levels, as stipulated in the Energy Roadmap 2050. Bellona provided the Commission with its response to the consultation on 2 July.

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Source: Carbon Capture Journal, 5 July 2013