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
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence