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EU carbon market is subsidising Polish coal plants NGO

2016-04-26 12:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: Carbon markets are supposed to make polluters pay, encouraging investment in carbon-cutting kit. Yet a provision in the EU`s flagship emissions trading scheme mean it is doing the opposite, Carbon Market Watch warned in a report on Tuesday: subsidising coal. Poland, Romania and Czechia are the biggest beneficiaries of free permits worth an estimated EUR12 billion over 2013-19, analysts found. The handout was supposed to support "modernisation" of the power sector in poorer EU states. In...

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