While significant progress has been made to reduce European emissions via the EU Emissions Trading System (EU ETS), this has largely been attributable to the power sector. Energy-intensive industries, in contrast, have achieved little to no improvement in their carbon efficiency, the project says. The report concludes that there are many feasible and effective policy options – both at national and EU level – to speed up decarbonisation of European industry. At the national level, options include price instruments, strategies to eliminate highly polluting industrial production methods, and public-private partnerships. At EU level, there are possibilities to strengthen existing decarbonisation policies, namely the EU ETS and the Industrial Emissions Directive (IED). For instance, by lowering the supply of ETS allowances, and giving away fewer for free, as well as introducing greenhouse gases into IED permits.
Details
- Publication date
- 13 September 2022
- Author
- European Climate, Infrastructure and Environment Executive Agency
