After seven years of failure, the EU’s claims that it can ‘fix’ its collapsing Emissions Trading System (ETS) no longer have any credibility. The EU’s fixation on ‘price’ as a driver for change has locked in an economic system dependent on polluting extractive industries – with fossil fuel emissions increasing sharply in 2010 and 2011. It is evident that the structural failures of the ETS cannot be fixed.
A position statement, entitled "Time to scrap the ETS", has been produced to collectively take a stand against the EU-ETS. It aims to help create space for the end of the ETS to be seen as a feasible political option. More than 30 organisations, including Corporate Europe Observatory, have already supported the document. The signatories call on civil society organisations and movements to endorse it and to join the fight to abolish the ETS.
Signatures from organizations or groups can be added via the blog, before 15th February (individual sign-ons are not being added, at this time). Organizations and groups are also encouraged to help disseminate the blog by adding the campaign banner to their website, promoting the link on social media or just spreading the word through networks and contacts.
The EU will discuss and vote on a package of reforms attempting to 'fix' the ETS this year. It is time to stop this wasted effort! Keeping the ETS alive and expanding it to other countries, or other areas such as biodiversity or water, will result in yet more corporations profiteering at the expense of local populations.
The struggle against the ETS is the struggle for social, environmental and climate justice. It is a struggle for transforming our energy, transport, agricultural, production, consumption, distribution, disposal and financing systems.