European Union to adopt emissions trading system for transport and heat

12/19/2022 - The European Union this weekend came to some decisions related to its climate policy, namely the EU Emissions Trading System. On this occasion, Ottmar Edenhofer, Director of the Potsdam Institute for Climate Impact Research (PIK) and the Mercator Research Institute on Global Commons and Climate Change (MCC), issued a PIK Statement.
European Union to adopt emissions trading system for transport and heat
Ottmar Edenhofer. Photo: PIK

"Europe is getting serious about climate policy – to protect people and businesses from increasing climate risks," said Edenhofer. "The new emissions trading system for transport and heating in buildings opens up a the way for reducing greenhouse gases not only in industry and the energy sector, as before, but in a large part of the economy – which substantially broadens the efforts to tackle the climate challenge. A path has now also been marked out for the urgently needed social compensation scheme. While we need to make faster progress along these paths and achieve more than has been decided in detail this weekend, the most important thing is that the direction that Europe is taking is clear. It now is, more than ever."