IRECTIVE 2011/61/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
IRECTIVE 2011/61/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
Many green projects are currently often not viable on a stand-alone basis due to mispricing in the markets which makes traditional or „black‟ projects more attractive, due to climate change externalities not being priced into these projects or mispricing due to government policies, such as fossil fuel subsidies (and the introduction of carbon pricing through schemes such as the European Emissions Trading Scheme has not significantly altered this). 16 These fuel subsidies, still prevalent in many