+20 Industry & Civil Society Organisations Call on the EU to Include All Departing Flights in the EU Carbon Market
Key Takeaway
The proposed expansion of the EU Carbon Market to include all departing flights signals a potential increase in carbon allowance prices, directly impacting the economics of carbon-intensive power generation and influencing investment decisions for developers and large consumers in the EU.
AI Summary
- •Over 20 industry and civil society organizations are urging the EU to expand its Carbon Market (EU ETS) to include all departing flights.
- •This proposed policy change would increase demand for carbon allowances, likely driving up EU carbon prices, thereby impacting operational costs for carbon-intensive power generation (e.g., gas-fired plants) and potentially increasing costs for large power consumers within the EU.
- •The article highlights a significant advocacy effort for a regulatory expansion of the EU ETS, broadening its scope beyond current aviation coverage.
- •No specific project announcements are mentioned in the provided content.
Topics
Article Content
To: Ms. Teresa Ribera, Executive Vice-President for a Clean, Just and Competitive Transition; Mr. Wopke Hoekstra, Commissioner for Climate, Net Zero and Clean Growth; Mr. Apoltolos Tzitzikostas, Commissioner for Sustainable Transport and Tourism. We, the undersigned NGOs, trade unions, industry actors, industry associations and consumer associations, are joining forces to urge the ... [continued] The post +20 Industry & Civil Society Organisations Call on the EU to Include All Departing Flights in the EU Carbon Market appeared first on CleanTechnica .