Long-awaited aid or Trojan horse? Opinions are divided on the EU's new plans
The European Commission’s reform plan, unveiled on July 17, regarding the EU Emissions Trading System (EU ETS) and the new electrification action plan, received mixed reactions. While the renewable energy sector and environmental organizations generally view the action plan positively, the reform of the EU ETS is viewed more critically, primarily due to concerns about jeopardizing climate goals. Some refer to the plan as a Trojan horse, believing that it could delay the greening of polluters. Following the announcement, the price of emission allowances rose to record levels.
The European Commission’s July 17th proposal for reforms to the EU Emissions Trading System (EU ETS) and the new electrification action plan was met with a mixed, but generally cautious, reception from industry and the energy sector. The renewable energy sector, energy suppliers, and environmental organizations largely view the electrification plan as a positive step, but are much more critical of the ETS reform, considering it detrimental to climate goals. Some believe the plan is a Trojan horse that allows major polluters to delay the transition to a green economy. After the announcement, the price of emission allowances rose sharply.
Related Reading
Energy crisis: record heat, slightly higher Danube, drying streams and ongoing energy and water conservation nationwide
Magyar Péter made an important announcement: there is no need for voluntary consumption reduction.
