Reports of the death of the EU Emissons Trading Scheme (ETS) have been greatly exaggerated. T
hat was one of the key messages from European policymakers at an “Energy Policy Breakfast” organised by European Energy Review and public affairs agency Interel in collaboration with Italian energy company Enel on the 21st of June in Brussels. Representatives from the European Commission and the European Parliament acknowledged that the ETS has shortcomings which need to be addressed, but they are intent on it remaining the backbone of the EU’s climate policy for decades to come. They are now debating how they can intervene into the ETS without destroying its credibility as a market-based scheme. Remedies are expected to be proposed in July.