Investors call for EU carbon trading reform
A coalition of investors worth a combined €7.5 trillion has said the EU's carbon trading scheme is too lenient on polluters and should be tightened up, as government ministers meet today to begin discussions on reform.
...But the 80-strong coalition of investors, which includes BlackRock, the world's biggest fund manager, and leading pension-fund investors such as the Netherlands' ABP and PGGM, and the UK's Universities Superannuation Scheme, says the ETS is not working as intended.
There are too many permits, and as a result the carbon price is too low, they believe.
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