This short briefing looking at how State Aid is being used to offset the indirect costs of the EU Emissions Trading Scheme (EU ETS). The Commission is attempting to remedy the low price of carbon, but State Aid guidelines mean that Member States can use public money to cushion any increase in price that is achieved. The briefing concludes that price-driven tools will never be strong enough to shift the EU out of fossil fuel and into sustainable renewable energy.
Subsidising Climate Change: How industry uses the EU ETS to manipulate State Aid rules for their own profit
3 junho 2013