EU nations spent 85% of ETS revenues on climate finance, but records hazy -report

Published 17:48 on December 13, 2016  /  Last updated at 17:48 on December 13, 2016  /  EMEA, EU ETS  /  No Comments

EU nations spent around 85% of revenues raised from auctioning ETS allowances over 2013-2015 on tackling climate change, but loose reporting requirements make it difficult to see exactly how the money is spent and allows states to include cash that may be helping to subsidise big emitters.

EU nations spent around 85% of revenues raised from auctioning ETS allowances over 2013-2015 on tackling climate change, but loose reporting requirements make it difficult to see exactly how the money is spent and allows states to include cash that may be helping to subsidise big emitters.

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