Second chance for effective climate change policy
Message to the European Parliament: Stop trying to fix our economic problems on the expense of the environment and sustainable development in general! Do both, it is possible.
The European Parliament will vote for a second time on whether or not to withhold 900 million emission allowances from the market over the next two years on 19th of June and in the first week of July after the original proposals failed earlier this year.
The European Emissions Trading Scheme has achieved what it was designed to do, namely: ensure the quantifiable limitation of certain industrial sectors’ emissions between 2008 and 2012 while at the same time, finance green technology transfer and renewable energy investments in developing countries, where emissions have been raising fastest, says Susanne Häfeli-Hestvik, MD for Tricorona Climate Partner.
Now it is time to take the next step and the backloading proposal is really a weak reflection only of what needs to be done if we want a chance to limit climate warming to 2 degrees, namely agree on a reduction target between 30 and 50% until 2030 already today, so as to provide companies with a stable climate change policy framework to guide their long-term investments for the coming 17 years.
So the message to our MEPs is clear: Stop trying to fix our economic problems on the expense of the environment and sustainable development in general! Do both, it is possible.