The European parliament has rejected a plan to make polluters pay more as part of a carbon trading scheme designed to reduce greenhouse gas emissions.
Three hundred and thirty-four members voted against a proposal to freeze 900m tonnes of carbon dioxide emission credits between 2013 and 2015. Members voting for the proposal stood at 315.
Opponents of the scheme argued that it would push up energy costs. As a result of the vote, the price of carbon on the EU Emissions Trading Scheme (EU ETS) has dropped to less than €5 a tonne.
The EU ETS is a tool used for reducing industrial greenhouse gas emissions, and covers more than 11,000 power stations and industrial plants in 31 countries.
By working on the ‘cap and trade’ principle, the EU ETS sets a total amount of greenhouse gases that can be emitted from power plants. Over time, this cap reduces, so that the total emissions emitted are lowered.
By 2020, it’s predicted that the EU ETS will have reduced 2005 emissions by 21%.
Commenting on the vote, Greenpeace political director Joss Garman said, “This vote in the European parliament will lead directly to a major jump in emissions from coal burning across the continent, and David Cameron’s MEPs must bear their share of the responsibility.”
Meanwhile, head of climate and energy policy at WWF-UK Nick Molho said, “It’s extremely disappointing to see Conservative MEPs voting against a policy that their own government supports in the UK.
“Their opposition also makes a mockery of complaints that the carbon floor price will make UK business uncompetitive with the rest of Europe, as this proposal to fix the ETS was the best way to start levelling the playing field.”
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years