Business Green: Hard exit from EU emissions trading could damage global climate action

Michael Pollitt, Professor of Business Economics at Cambridge Judge Business School, discusses how a ‘hard exit’ from EU emissions trading could damage global climate action: “If we are serious about being a global leader on climate, and if Europe is similarly serious, we cannot be seen to be leaving the EU ETS of our own choice, and we should do everything to stay a member of it. One hopes that the rest of the EU can see the value of that, because I think if we have a hard exit from that it could seriously undermine global efforts on climate, and it certainly will undermine our role in global leadership on climate solutions.” Michael attended The Business, Energy and Industrial Strategy Committee earlier this week to discuss the future energy relationship between the UK and EU after Brexit. (subscription)

Read the full article [businessgreen.com]