Steam rises from a coking plant
12 December 2018

Statement to strengthen and extend carbon pricing in Europe

The signatories share the view that carbon pricing is essential to provide economic agents with a clear long-term signal.
 
The signatories share the view that carbon pricing, along with supporting policies and measures, is essential to provide economic agents with a clear long-term signal and, thereby, to incentivise cost-effective GHG emissions reductions and to disincentivise new investments in carbon intensive technologies without near-term abatement potential.

The EU ETS is playing a significant role in this respect and, in this regard, the signatories welcome the recent reform of the European carbon market (EU ETS) as a step in the right direction. However, only 52% of all EU emissions are covered by an explicit carbon price, and in some cases the carbon price can be too low and/or too volatile to trigger effective decarbonization.
 

Statement to strengthen and extend carbon pricing in Europe




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