Carbon market’s free perks need rethink, insists EU watchdog

Euractiv | Sep 15, 2020 at 4:48 PM
  • The EU’s Emissions Trading System (ETS) of offering free pollution permits needs to be reviewed and aligned more closely with climate policy if the bloc wants to reap its full benefits, the European Court of Auditors said on Tuesday (15 September).
  • Under the carbon market’s rules, a certain number of free allowances are offered to industrial sites, power generators and airlines.
  • The auditors warn that the current system risks supporting carbon-intensive flights over rail travel.