Score for this Data / Query Cell
InfluenceMap has researched and collated the following pieces of evidence associated with the data source and query indicated above. Extraordinary information is indicated by a coloured flag in the upper right corner. Evidence items in order of data inputted with exceptional items first.
Strongly supporting ETS reform
Directly advocating to policy makers to support the market stability reserve and the intervention in the ETS to raise the carbon price and effectiveness of the scheme. (Consultation on EU 2030 framework for climate and energy policies, July 2013, pp 2-3)
Extract from Source:
The CBI has identified five key priorities for a 2030 policy framework: - An ambitious and credible EU-wide emissions target is needed for 2030 - The EU ETS should continue to be the cornerstone of EU energy and climate change policy [...] It would therefore be sensible for the Commission to integrate structural reforms into its long-term policy proposals. Pursuing structural EU ETS reform alone risks ‘putting the cart before the horse,’ but in the context of setting a 2030 target it would make sense to consider what adjustments are needed to put the EU ETS on the correct trajectory towards meeting it. Out of the structural options previously proposed by the Commission, a one-off removal of allowances from the system and amending the linear reduction factor – the reduction in the amount of allowances available annually – in-line with a 2030 target, is likely to be the most sensible combination.
Not supporting EU ETS reform
Emphasizing the need for support to specific industries under ETS reform. Advocating for an increased number of free allowances for specific industries. (CBI response to EU 2030 framework for climate and energy policies, July 2013, page 4 paragraph 2)
Extract from Source:
Current direct carbon leakage support must be improved if measures are taken to increase the carbon price. With pre-2020 EU ETS reform still on the table, businesses could be facing increased costs from a higher carbon price before 2020. It is therefore vital that the Commission supports the European economic recovery by ensuring that at-risk industries are supported from any increase in costs as a result of shorter-term measures to strengthen the EU ETS. [...] With this in mind, as part of a 2030 package, the Commission should propose a new mechanism to support electro-intensive industries on a harmonised – EU-wide – basis. One option could be enabling these industries to be included in the EU ETS and designing a mechanism by which they can be allocated allowances as necessary.
Generally supporting emissions trading
Evidence suggests that the CBI supports the existence of an emissions trading system in the UK. (Submission, UK Autumn Budget 2018, October 2018, pp.10-11)
Extract from Source:
As we approach the first anniversary of the Clean Growth Strategy, the Budget is an opportunity to create an environment to deploy innovative technologies and address substantial policy gaps. With the challenge of Brexit on top of this, the Government should: • Urgently confirm whether it intends for the UK to remain within the EU Emissions Trading System (ETS) post-Brexit and confirm the future trajectory of the Carbon Price Floor. The White Paper released earlier this year on the UK’s future relationship with the EU had little to say by way of specific ambitions on the UK’s interaction with the EU ETS post-Brexit. Industry seeks clarity from the Government on progress to date on discussions with the EU on an agreement as to whether the UK continues to participate in the EU ETS post-Brexit and if not, what an alternative mechanism for delivering a robust carbon price signal will be. • In the interim, businesses seek a stable and predictable Carbon Price signal which is maintained before and after the UK’s exit from the EU. Furthermore, continuity and visibility of the existing Carbon Price Floor will be essential should a replacement for EU ETS be established.