Commissioner Connie Hedegaard "welcomes the positive trends illustrated by the Carbon 2011 survey"
Confidence is growing in the EU Emissions Trading System, according to respondents to the sixth annual carbon market survey carried out by Thomson Reuters Point Carbon. Following the publication of the survey, Connie Hedegaard, European Commissioner for Climate Action, said: "I welcome the positive trends illustrated by the "Carbon 2011" survey. The survey shows that despite the recent cyber attack on registries, confidence in the EU ETS being the most cost-effective instrument for reducing emissions in the EU is at the highest level since the survey began 6 years ago, and that the system EU ETS clearly has caused companies to reduce their emissions. It indicates that the major changes made to the EU ETS in the climate and energy package begin to bear fruit".
According to the survey, some 49% consider the EU ETS the most cost-effective instrument for reducing emissions in the EU. This is the highest level since the survey began and up from 43% last year. Furthermore, responses from the European power and heavy industry sectors showed taht a record 59% said that the EU ETS had already caused them to reduce their own emissions with a further 9% sayign that the EU ETS has prompted reductions to be planned.