The EU Commission gets it painfully wrong. Addressing the energy crisis AND fighting climate change require:
1. Set a clear path for high and rising #carbon price, putting a floor on what ETS and ETS2 will yield; (1/4)
1. Set a clear path for high and rising #carbon price, putting a floor on what ETS and ETS2 will yield; (1/4)
https://twitter.com/eucopresident/status/1451571128879796229
2. Remove all obstacles to investment in #nuclearenergy, including extending the life time of operating power plants, currently by far the cheapest way to produce zero-carbon electricity at the lowest price and the surest way to avoid blackouts; (2/4)
3. Setting a path for carbon price, high and rising, providing a floor for market prices yielded by ETS1+2. Only way to compensate for the volatility of ETS market and provide incentives for private investment in low carbon technologies;( 3/4)
4. Recycle the proceeds of ETS and future CBAM to create a climate income for low income households AND fund zero-carbon investments AND fund basic research, our best asset for a clean and sustainable future; (4/4)
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