EU ETS Emissions Reveal Potential Over-Allocation, Highlighting Need for Stricter Climate Action
The EU ETS analysis looked at emissions and allowances in 2005-06. Emissions were 3% lower than allowances. The study aimed to see if too many allowances were given out or if emissions were reduced. They used data on emissions, economic activity, and energy trends. The findings suggest that there was over-allocation of allowances and some emissions reductions in those years.