Europe's electricity sector wants a stricter emissions trading system
Reform in the EU of the CO2 Emissions Trading System (ETS) garners crucial support from the industry, where even the Polish electricity sector now supports the tightened requirements. It is necessary to increase the price of CO2, maintains Dong.
The EU's CO2 Emissions Trading System (ETS) needs a major tightening. At an average EUR 5.17 per ton, this year's quota price has been almost six times lower than the ambitions voiced when the ETS was implemented in 2005. But this time, the call for tighter CO2 caps has been echoed by the entire electricity sector in Europe – even in Poland and other coal powerhouses.
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