LONDON: The European Union's Emissions Trading System (ETS) does not hurt revenue, profits or employment at European firms over the period 2005-2014, the OECD said in a report on Thursday
The scheme charges power plants and factories for every tonne of carbon dioxide they emit.
Revenue of companies subject to the ETS were 7-18 percent higher at the end of the period studied than what they would have been without the EU ETS, and their fixed assets grew by 6-10 percent compared to similar sized firms not subject to the scheme, the OECD said.
"No single sector or country - irrespective of its dependence on carbon emissions - has experienced a negative effect from the EU ETS," the report said.
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