the European Commission Should Push for Firm Policy to Cut Carbon Emissions

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Businesses in the European Union want clear direction beyond the present 2020 emissions reduction goals, so as to be able to plan investment ahead., a leading UK information portal about carbon credits, also believes that the European Commission should provide the necessary post-2020 legal framework for companies to cut their carbon emissions and invest in green technologies., an investors' portal operated by green investments media Dezz, today announced its position that a firm EU policy as regards carbon emissions and renewable energy targets is crucial for creating a stable green investment climate for the private sector.’s commentary was prompted by a recent article published by Reuters, which looks at how big business might turn out to be an unexpected ally of the European Commission in its efforts to push for a firm carbon emissions reduction policy, especially post-2020 when the current EU emissions reduction targets are set to expire.

As highlighted in the Reuters commentary, many business leaders have adopted the view that being locked into fossil fuels creates the danger of stranded assets. For that reason, they want clear direction beyond 2020 so as to be able to plan their investments going forward. believes that policy can be a strong driver for green innovation, in consequence of which it also supports the business leaders’ call. In addition, notes that this is not the first time that companies have urged the EU to make a post-2020 climate change mitigation commitment; in November 2011, BusinessGreen reported a statement from leading EU utility companies warning that crucial investment decisions could be delayed in the absence of sufficient certainty regarding the post-2020 European policy framework.

On a broader front, the EU has drawn up several sectoral roadmaps, all pointing to year 2050 emissions reduction targets. Nevertheless, there is something of a 2020-2050 policy gap, which has prompted businesses to demand a clear signal for the EU’s future green energy goals. In addition, coal-reliant Poland recently opposed setting milestones for emissions cuts beyond 2020, which contributed to the overall atmosphere of uncertainty in post-2020 climate action.
As further noted in the Reuters article, the private sector’s desire for clarity is in part reflected by the support from several big companies for a higher carbon price. For its part, also believes that strengthening the EU Emissions Trading System (EU ETS) and stimulation of higher prices for carbon credits will provide additional economic incentive for businesses to invest in renewable energy and in carbon capture and storage. One mechanism would be the withdrawal of EU allowances (EUAs) from the upcoming third trading period of the EU ETS, a measure recently backed by the Committee on Industry, Research and Energy (ITRE) of the European Parliament. supports the imposition of more ambitious emissions reductions targets after 2020, since they will strengthen the EU ETS and will send a clear signal to European businesses, whose investments will help secure a greener European future.

About is a leading UK-based investors' portal on all aspects of carbon credits, carbon market facts and investment opportunities. The purpose of the portal is to provide a broader perspective to investors interested in carbon trading, by keeping them up to date with the latest news and developments related to compliance as well as to voluntary carbon markets.

To get more information about carbon credits and learn more about the latest trends in carbon trading,

About Dezz
Dezz is a UK-based boutique digital media company providing original and reliable up-to-date information in the area of carbon credit trading and sustainable investments to large investment company decision makers, NGOs and to eco-minded individuals.

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