Columbia Group says that it welcomes a UK government announcement that it isto link its emission trading system with the EU and is urging other countries to follow suit,but warns that linking
Philippos Ioulianou, managing director of Columbia Group’s EmissionLink
Columbia Group says that it welcomes a UK government announcement that it isto link its emission trading system with the EU and is urging other countries to follow suit,but warns that linking emissions trading schemes does not guarantee emissions reductions.
The recent move to join the U.K. ETS with the EU has resulted in an 8% rise to carbon prices, but Philippos Ioulianou, managing director of Columbia Group’s EmissionLink, says this will be a temporary rise with prices going back down eventually..
“The idea that linking ETS schemes alone drives significant cuts is a misconception,” says Ioulianou. ‘We’ve seen a price increase since the EU-UK link-up, but no guaranteed emission drop. Market tools must be backed by clear targets, regulatory support, and real-world actions.”
While the U.K.-EU alignment offers much-needed certainty and supports stronger business cases for green investment, the global picture remains fragmented. Shipping companies,
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