EU's von der Leyen defends carbon market after leaders' criticism
- Country:
- Belgium
The European Union's emissions trading system (ETS) has "clear benefits" and existing safeguards to modulate the carbon price if it rises too high, European Commission President Ursula von der Leyen said on Thursday, after some government leaders called for the system to be revised.
"The emission trading system has clear benefits...The ETS has also elements that if the price for whatever reason is going too high, or the economic circumstances are tough, that you can with the 'market stability reserve', modulate the price," von der Leyen told a news conference after a summit of EU government leaders.
The EU will look into these elements in its review of the ETS, planned for the third quarter of the year, von der Leyen added.
ALSO READ
-
EU-India Fashion Diplomacy: Ursula von der Leyen's Sartorial Elegance Shines in Delhi
-
Ursula von der Leyen's Fashion Diplomacy Shines in India
-
Ursula von der Leyen's Stylish Diplomatic Wardrobe Wows India
-
We are delivering security for our people in an increasingly insecure world: European Commission President Ursula von der Leyen.
-
India, Europe to reduce strategic dependency at a time when global trade is being increasingly weaponised: Ursula von der Leyen.
Google News