The European wind power industry is backing a proposal submitted by the European Commission to increase the price of carbon. This would be accomplished by delaying the auctioning of carbon allowances through the Emission Trading System (ETS). This action must be approved by Member States and the European Parliament.
“The European Commission has finally taken the first step towards boosting the carbon price in the short term,” said Rémi Gruet, Senior Regulatory Affairs Advisor for Environment and Climate Change at the European Wind Energy Association (EWEA). As a second step a permanent solution to the current and future oversupply of carbon allowances needs to be found to ensure a high and stable future price: the amount of allowances put on the market up until 2020 needs to be reduced by 2.6 billion.”
Gruet also said that increasing carbon prices will help both the climate and economic recovery. “The wind industry is one of the most dynamic and globally competitive, in 2010 contributing 32.4 billion Euros to the EU’s GDP, 8.8bn Euros in exports, and supporting 238,000 EU jobs.