Editorial by Jos Dings
People sometimes ask me why the environmental movement has not been more enthusiastic about the EU’s Emissions Trading Scheme (ETS). I can’t speak for the entire environmental movement, only for T&E, but I think our views are shared by many others. The ETS is an exciting tool, and the EU’s institutions should be congratulated on introducing a mechanism that encourages an optimisation of energy use and emissions through market forces. But the ETS has an inherent problem that limits what it can do, which means other measures are still urgently needed.