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
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology