Saturday 19 January 2019
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France PM - 1 month ago

Statement to strengthen and extend carbon pricing in Europe

12 December 2018Statement to strengthen and extend carbon pricing in Europe The signatories share the view that carbon pricing is essential to provide economic agents with a clear long-term signal. TweeterPartagerEnvoyer The signatories share the view that carbon pricing, along with supporting policies and measures, is essential to provide economic agents with a clear long-term signal and, thereby, to incentivise cost-effective GHG emissions reductions and to disincentivise new investments in carbon intensive technologies without near-term abatement potential.

The EU ETS is playing a significant role in this respect and, in this regard, the signatories welcome the recent reform of the European carbon market (EU ETS) as a step in the right direction. However, only 52% of all EU emissions are covered by an explicit carbon price, and in some cases the carbon price can be too low and/or too volatile to trigger effective decarbonization.
Statement to strengthen and extend carbon pricing in Europe

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