“So far the system offers no real incentives for the necessary investments in low-carbon technologies”, says Edenhofer, who is Chief Economist at the Potsdam Institute for Climate Impact Research (PIK), Director of the Mercator Research Institute on Global Commons and Climate Change (MCC) and Co-chair of Euro-CASE Energy Platform. In the report the experts propose a price corridor with a minimum and maximum price and the expansion of sectoral coverage as parts of a comprehensive reform concept. The extensive recommendations go well beyond the already discussed plans to delay the auctioning allowances to stabilize prices by back-loading. Numerous scientists from PIK and the MCC contributed to the report.
Euro-CASE (European Council of Academies of Applied Sciences, Technologies and Engineering) is the Energy Platform of the national academies of engineering, applied sciences and technologies from 21 European countries and about 6000 members. Bringing together the combined expertise of the academies, Euro-CASE provides independent science-based policy advice for European decision makers.
Link to Euro-CASE:
http://www.euro-case.org/index.php/activites/ euro-case-position-papers/item/ 543-reform-options-for-the-european-emissions-trading-system-eu-ets.html
Direct link to the report „Reform Options for the European Emissions Trading System (EU ETS)”: http://www.acatech.de/fileadmin/user_upload/Baumstruktur_nach_Website/ Acatech/root/de/Aktuelles___Presse/ Presseinfos___News/ab_2014/Euro-CASE_policy_paper_ETS_reform.pdf
