The polluter pays principle is more alive than ever.
The carbon market, this emissions trading system (EU-ETS), is one of the main tools in the fight against greenhouse gas (GHG) emissions.
It imposes a cap (which decreases over the years) on emissions from certain sectors (electricity, steel, cement, intra-EU aviation).
Those who have not reached this cap can sell their remaining allowances.
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By buying them, polluters escape punishment.
Since its creation in 2005, emissions have decreased by 43%.
A trend that should accelerate with the increase in the price of carbon (from 40 to 54 euros the allowance, that is to say the tonne of CO emissions).
In any case, this is the bet of the European Commission, whose arguments are based on encouraging manufacturers to invest in new technologies and to innovate in order to moderate their emissions.
The goal is a 61% reduction by 2030.
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