Discussion
Details
The issue of 'carbon leakage', which describes the risk of companies transferring their productions to other countries with weaker carbon constraints, has become one of the main points of contention in the political discussion about EU ETS reforms. Although the European Parliament eventually endorsed the new carbon leakage list of the European Commission for 2015-2019, a significant number of MEPs have opposed the Commission’s proposal. Our panel discussion will address this controversial subject in order to clarify whether the carbon leakage risk is either a genuine threat for carbon- and trade-intensive sectors or if it is overstated, permitting companies to escape constraints on greenhouse gas emissions.