| Author (Person) | Cornago, Elisabetta |
|---|---|
| Publisher | Centre for European Reform (CER) |
| Series Title | CER Insight |
| Publication Date | March 2022 |
| Content Type | Research Paper |
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Summary: Manufacturing and energy industries, then covered by the EU Emissions Trading Scheme (ETS), had cut greenhouse gas emissions between 1990 and 2022 by about 40 per cent, while decarbonisation in the commercial and residential building sector had not been as fast, with emissions reductions below 30 per cent. However, road transport had increased emissions by almost 30 per cent. The new ETS aimed to reverse that trend in transport and accelerate decarbonisation in buildings, cutting combined emissions from these sectors by 45 per cent by 2030 relative to 2005 levels. Extending the Emissions Trading System to buildings and road transport could cut emissions and help poor households if all revenues were devoted to income support and green investment. |
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| Source Link |
https://www.cer.eu/insights/how-make-new-ets-work-consumers
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| Subject Categories | Energy, Environment |
| Subject Tags | Decarbonisation |
| Keywords | Emissions Trading System | EU ETS Scheme |
| Countries / Regions | Europe |
| International Organisations | European Union [EU] |
