MEPs voted down reforms last week
MEPs reach new deal on ETS reform
Cap reduction stays at diluted level but free allowances phased out by 2032
MEPs in the European Parliament’s environment committee have reached a new deal on the reform of the EU emissions trading system (ETS) and the introduction of the carbon border adjustment mechanism (CBAM), which they say should receive approval by the Parliament as a whole in a vote on 22 June. Last week, the Parliament voted against a reform package for the ETS, sending the law back to the committee stage after it was heavily amended. While there was consensus between political groups on many issues in the report—such as the inclusion in the scheme of the maritime, road transport and building sectors—some issues proved more controversial, in particular the rate at which the ETS emissions ca
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
