EU ETS fix should focus on long term, argue market participants
Short-term fixes give rise to uncertainty, in contrast to long-term change needed to rescue the ETS, say firms
The European Commission (EC) should concentrate on choosing post-2020 structural reforms to fix the European Union Emissions Trading System (EU ETS), as opposed to making short-term market interventions aimed at raising the price of emissions, said market participants at a panel discussion held in London on September 5.
During the discussion, several firms involved in the European energy market noted that while they were in favour of fixing the beleaguered EU ETS, the market needed change that
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