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consultation response
As we know recently, the carbon price has been revised. In the most
recent State of the Carbon Market Report1, anticipated carbon price is
deviate from the actual carbon price. Latter price has been kept far lower
than the former one. This fact undermines the efficiency of European
Emissions Trading Scheme. This fact is also making profit for areas which
formerly deemed as exposed to carbon leakage. This made them qualified
for free allowances.
The question which has been around the street is that whether the
commission is doing things within its scope by deviating from the
projected carbon price, which had been kept 30 euros a tonne), that
carved out the initial list in reality. Commission could have used alternate
average carbon price for carbon leakage support sector. Going by this way
does not include going out of the scope. This would not be an act of ultra
vires. The price chosen for the new supporting sectors should be
consistent with the alternative scenario or comes under the price range in
2020 package.
So change in law in this raised some questions about the powers of
commission and going out of the purview. Commissions deviation would
not have caused the case of ultra vires if it has been some specific legal
reasoning.
Kyoto Protocol
Kyoto Protocol is the United Nations Framework Convention on Climate
Change, which puts a cap on emission of Green House Gases by agreed
parties. It has been observed that developed countries are majorly
responsible for the high levels of GHG type emissions. This emission is an
outcome for the industrial activity of 150 years. This protocol puts a heavy
burden on these countries by going by the common but differentiated
responsibilities principle.