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Putting transport in the ETS will hinder job growth, stall emissions cuts – study

Even if carbon prices in Europe’s emissions trading system (ETS) trebled from today’s levels [1], including road transport in the ETS would only reduce oil use and CO2 emissions from transport by 3% over the next 15 years, a new study by Cambridge Econometrics reveals. This level is insufficient for road transport to make a proportionate contribution to Europe’s climate and energy security goals.