The damaging impact of the EU Emissions Trading Scheme

"The Expensive Failure of the European Union Emissions Trading Scheme"(PDF)

Author: Matthew Sinclair

Publication date: October 2009

The report is highly critical of the European Union Emissions Trading Scheme (ETS) which according to the author has increased the cost of energy for households, businesses and other organisations. The report estimates that the ETS cost British consumers nearly £3billion in 2008 alone and that the total cost to European consumers since the implementation of the ETS could be as high as £67billion. The report claims that the ETS is a particular burden on the poor and the elderly as it is raising their energy bills and it should be abolished.