Open letter to EU Environment Ministers on the revision of the EU ETS

A coalition of 31 networks and organizations calls on EU Environment Ministers to reform the EU ETS by excluding coal investments from the Modernization Fund and article 10c, maintaining the 2013 base year for eligibility to prevent lignite plant subsidies in Greece, and establishing a Just Transition Fund.

• The authors argue that article 10c and the Modernization Fund must exclude coal power investments through strict emission performance standards to avoid subsidizing coal and lignite plants, which would harm public health and the environment. They note that up to €12 billion in investments via article 10c previously financed fossil fuel capacity expansion in Central and Eastern Europe.
• The document recommends that the Modernization Fund be managed by an independent committee with the European Investment Bank playing a decisive role in project selection, supported by strict monitoring and penalties for manipulation.
• The authors call for the base year for article 10c eligibility to remain at 2013 to prevent Greece from obtaining free emission allowances to subsidize two new lignite plants scheduled for operation after 2020.
• The letter advocates for the creation of a Just Transition Fund to provide support for communities and regions transitioning away from coal.

APA

Carbon Market Watch (2017). Open letter to EU Environment Ministers on the revision of the EU ETS. https://carbonmarketwatch.org/publications/open-letter-to-eu-environment-ministers-on-the-revision-of-the-eu-ets/

Chicago

Carbon Market Watch. Open letter to EU Environment Ministers on the revision of the EU ETS. 2017. https://carbonmarketwatch.org/publications/open-letter-to-eu-environment-ministers-on-the-revision-of-the-eu-ets/.

Wikipedia

{{cite press release |author=Carbon Market Watch |title=Open letter to EU Environment Ministers on the revision of the EU ETS |date=28 February 2017 |url=https://carbonmarketwatch.org/publications/open-letter-to-eu-environment-ministers-on-the-revision-of-the-eu-ets/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{carbonmarketwatch2017open, author = {{Carbon Market Watch}}, title = {{Open letter to EU Environment Ministers on the revision of the EU ETS}}, publisher = {Carbon Market Watch}, year = {2017}, month = feb, url = {https://carbonmarketwatch.org/publications/open-letter-to-eu-environment-ministers-on-the-revision-of-the-eu-ets/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }