Three Nordic utilities propose a mechanism to ensure policy coherence with the EU ETS
ONLINE NEWS 20 June 2017Fortum, Statkraft and Vattenfall, the three largest Nordic utilities, today present a joint proposal for a Policy Coherence Mechanism to improve coherence between the EU Emissions Trading Scheme (ETS) and other policies. The proposal can be implemented in the framework of the EU Governance Regulation that is currently being discussed by the EU institutions. Policies that overlap with the EU ETS are a significant contributor to its current ineffectiveness. To date, 1/3 of the surplus of allowances in the ETS has originated from intersecting policies, according to