24 February 2015 – Today’s vote by Members of the European Parliament to reform the the European Union Emissions Trading Scheme (EU-ETS) to include a Market Stability Reserve (MSR) from the end of 2018 "is a step in the right direction but still falls short of the strides Europe should be taking".
"Low carbon investment decisions by business should be incentivised sooner rather than later," says Sandrine Dixson-Declève, Director of The Prince of Wales’s Corporate Leaders Group.
A letter from 70 leading European business voices and utility firms earlier this month, co-ordinated by The Prince of Wales’s Corporate Leaders Group and Eurelectric, called for reform to be introduced by 2017 at the latest, to drive forward green growth and aid the transition to a low carbon European economy.
