Silver Sillak emphasizes that the real issue facing Estonia's energy market is the insufficient development of new power plants, rather than the Emissions Trading System (ETS).
In his commentary, Silver Sillak points out that Estonia is significantly delayed in establishing new power generation capacities that are independent of CO2 emission costs. He argues that while the ETS is an important measure to regulate emissions, it alone is not sufficient to incentivize the construction of new power plants necessary for the future. The upcoming reforms to the ETS have drawn criticism both in Estonia and across Europe, with concerns that the price of CO2 emissions is arbitrary and contributes to high energy costs, or that the system is simply ineffective.
