A strong signal to support the backloading proposal has been sent to the members of the European Parliament and Member States’ governments. The proposal would allow the immediate withdrawal of 900 million allowances from the EU ETS in order to raise the price on allowances. The allowances will be sold at a later stage.
-This is a clear signal to the European Parliament and national governments of the growing momentum for the EU ETS backloading proposal and subsequent structural measures. The support of the proposal will send a strong signal to companies, investors and low-carbon technology providers that the EU ETS is the vital instrument of energy and climate policy, says Ulrich Bang, Director of European Affairs in the Danish Energy Association.
Some governments (Germany, France, Spain, Denmark, Hungary, Romania and Czech Republic) have yet to agree their positions on the proposal which is holding up progress in the European Parliament.
The letter comes from leading companies covering a significant breath of member states as well as installations covered by the EU ETS in particular power generation, petro-chemicals, oil refining and manufacturing sectors. It also includes low-carbon equipment manufacturers, financial institutions and companies operating in the business sectors of energy efficiency and renewable energy.
List of companies and associations:
- Carbon Capture and Storage Association
- Danish Energy Association
- Dong Energy
- Doosan Energy Systems
- Électricité de France
- EU Corporate Leaders Group
- First Solar
- GDF Suez
- General Electric
- KDF Energy
- Knauf Insulation
- Otto Group
- Vertis Environmental Finance
- World Green Building Council Europe Regional Network