New SLF publication on the European carbon market

As Brexit continues to hog the spotlight in the British media, there are still important issues being discussed and votes taking place in the European Parliament that Liberals everywhere should care about.

On the 15th February 2017, MEPs voted on a package of regulations intended to strengthen the proposed reforms to the European Emissions Trading System (EU ETS) and added their own amendments.

Tellingly, the vote was welcomed by a number of high-emissions sectors as well as the European Commission but heavily criticised by a number of NGOs and advocates of carbon market reform, with Climate Action Network, for example, describing the compromise as a betrayal of the spirit of the Paris Climate Agreement. Next week (on Tuesday 28th Feb) EU environment ministers will meet in Brussels to discuss how EU member states will respond to the vote.

The environment and its stewardship have long been and remain part of the DNA of Liberals everywhere.  As part of its series of publications that challenge and progress thinking in a number of policy areas, the Social Liberal Forum (SLF) is pleased to announce the publication this week of “The European carbon market isn’t working – and social liberals should be worried”  by SLF Council Member Edward Robinson

The article looks at the history of the EU Emissions Trading System (EU ETS), analyses why it has not been working in the way it was intended, and looks at possible reforms to the system that would make it more effective at stimulating carbon price inflation and driving the uptake of clean technologies.

As Edward says:

Social liberals have a big responsibility. Social liberalism was born in attempts to reconcile individual freedom with collective flourishing and it has a good track record of enacting pragmatic and popular legislation to tackle pollution. Perhaps uniquely, social liberalism openly acknowledges the two faces of the market: its propensity to create negative externalities and inequality for sure, but also its remarkable ability to encourage innovation and efficiency.

It is this qualified faith in the market combined with respect for individual rights that should render social liberals favourable to emissions trading, at least in principle. And this is why we should be concerned about the plight of the EU Emissions Trading System.

You can find the piece here.  It should be essential reading for all Liberals who care about the effects of climate change and how we can alleviate its symptoms to create a sustainable environment for all, now and in the future.

The publications section of the SLF site has previous articles on a variety of topics from education to the economy, constitutional reform and the political direction of the Liberal Democrats as a party.  It is part of our continuing commitment  at the SLF to produce new and radical thinking on issues across the whole of the political spectrum.  We hope you will enjoy reading some or all of these publications and come back to us with your thoughts and ideas.

* Helen Flynn is an Executive Member of the LDEA. She is a former Parliamentary Candidate and Harrogate Borough Councillor and has served on the Federal Policy Committee and Federal Board. She has been a school governor in a variety of settings for 19 years and currently chairs a multi academy trust in the north of England.

Read more by or more about , , or .
This entry was posted in Op-eds.
Advert

One Comment

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • User AvatarAlex Macfie 6th Jun - 12:04am
    @Peter Martin: The practice among Labour hard lefties of constantly digging up the increasinly distant past in priority to attacking the current government is not...
  • User AvatarPeter Martin 5th Jun - 11:48pm
    @ Alex, It's your point not mine. You're right in saying "with a post-Coalition leader we can move on from it because the leader would...
  • User AvatarSean Hagan 5th Jun - 11:37pm
    As the above comments amply demonstrate, no good can come from endless re-examination of the Lib Dems’ record in the 2010-15 Coalition Government - or...
  • User AvatarJoseph Bourke 5th Jun - 10:45pm
    Ed Davey became the MP for Kingston in 1997. Paddy Ashdown tasked him with the job of the party's spokesman on Treasury Affairs, adding the...
  • User AvatarIan Sanderson (RM3) 5th Jun - 10:39pm
    @David Raw 'My memory of American Presidents goes way back to Harry.S. Truman' I too hope that D Trump will get his comeuppance in November....
  • User AvatarIan Sanderson (RM3) 5th Jun - 10:18pm
    HSBC's involvement in China business is no surprise as the HS stood originally for Hong Kong and Shanghai. Around 1960, before they had involvement in...